FUEL SUPPLY: DO NOT ENGAGE IN  PANIC BUYING – NNPC  ….Says there is over 1.7 billion litres of petrol in stock 

Oru Leonard

The general public is hereby adviced not to engage in panic buying of Premium Motor Spirit, more commonly known as petrol.

This is contained in a statement signed by the Group General Manager,  Group Public Affairs Division, NNPC, Mr Garba Deen Muhammad who disclosed that the Corporation has over 1.7 billion litres of petrol in stock and more product is expected to arrive into the country daily over the coming weeks and months.

NNPC note that it is unnecessary to entertain any fear of scarcity of petrol throghout the festive season and beyond.

“The NNPC is also not aware of any plan by goverment to cause an increase in the pump price of petroleum. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has made that declaration last week.

In view of these assurances therefore, the NNPC is advising motorists and other consumers of petrol to maintain their regular pattern of the purchase of petrol without getting into a panic situation that may send the wrong signals around the country”, the release stated.

Garba said NNPC is also engaging all stakeholders to ensure smooth supply and distribution of products to every part of the country during the festive season and beyond.