Avoid Panic Buying, We have Enough Stock, NNPC Cautions Motorists

The Nigerian National Petroleum Company Ltd has assured Nigerians that it has adequate supply of petrol that will last the country far beyond the festive period.

The NNPC said this in a statement signed by Garba Deen Muhammad Group General Manager, Group Public Affairs Division.

It said that the stock of petrol has risen from a reserve of 1.7 billion litres to over 2 billion litres within the last one month.

The statement said, “The Nigerian National Petroleum Company Ltd wishes to express its appreciation to Nigerians for always heeding its advisories not to engage in panic buying of petrol.

“The NNPC is once again giving Nigerians strong assurance that we have product sufficiency that will last far beyond the festive period.

“Indeed, our stock has risen from a reserve of 1.7 billion litres to over two billion litres within the last one month.

“Thus, we once again urge Nigerians not to engage in panic buying but to fully enjoy the spirit of the festive season as we continue to work tirelessly to ensure sufficient supply of petrol to every part of the country.

“Once again the NNPC extends sincere appreciations to all Nigerians for your understanding and support. We wish you all happy celebrations.”

It is observed that fuel queues had resurfaced in some parts of the Federal Capital Territory, as the yuletide approaches. This is as a result of the refusal of many filling stations to dispense Premium Motor Spirit popularly called petrol.

This has caused pain to motorists as those filling stations that are opened are only dispensing through one pump, making the spent time unbearable for the motorists.

The activities of black marketers who sale fuel in jerrican has also increased tremendously are survey has shown that they sale 10litres for N4500.

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