Monday, July 4, 2022

Fuel Scarcity: Don’t Engage In Panic Buying, NNPC Begs Nigerians

…Says no plans to increase the pump price

NNPC logo

As fuel lines reappear in various states of the nation, the Nigerian National Petroleum Corporation (NNPC) has urged citizens not to engage in panic buying, as there is enough petrol to take the nation through the forthcoming festive session.

A statement by the company’s group general manager, group public affairs division, Garba Muhammad, said the NNPC 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.

The statement added that it was unnecessary to entertain any fear of scarcity of petrol throughout the festive season and beyond.

It further said the NNPC is unaware of any plan by the government to cause an increase in the pump price of petroleum, as declared by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) last week.

“Given 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 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,” it added.

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