23.1 C
Abuja
23.1 C
Abuja

No need for panic buying, nearly two billion litres of PMS in stock – NNPC

Advertisement

Related

Advertisement
Advertisement

Share this story

THE Nigerian National Petroleum Corporation (NNPC)  has advised Nigerians against panic buying of premium motor spirit (PMS), assuring that 1.7 billion litres of the product are in stock to cater for the yuletide celebrations.

The corporation’s assurance is coming on the heels of the build-up of queues experienced at various filling stations across the Federal Capital Territory and its environs at the weekend.

In a statement issued on Monday, the corporation told Nigerians that there was no need for panic buying of the product as it had more than enough in stock, assuring that more were still coming into the country.

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

“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 corporation stressed that it was unnecessary to entertain any fear of scarcity of petrol throughout the festive season and beyond.

Group General Manager in charge of Public Affairs Division Garba Deen Muhammad said in a statement that the NNPC was also not aware of any plan by the government to cause an increase in the pump price of petroleum.

- Advertisement -

He clarified that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had 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 NNPC is also engaging all stakeholders to ensure the smooth supply and distribution of products to every part of the country during the festive season and beyond.

 

Support the ICIR

We invite you to support us to continue the work we do.

Your support will strengthen journalism in Nigeria and help sustain our democracy.

If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

Advertisement

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Support the ICIR

We need your support to produce excellent journalism at all times.

Advertisement

Recent

False alarm: Police to arraign Amira Sufyanu in court today

THE Federal Capital Territory (FCT) Police Command is set to arraign Amira Sufyanu in...

Gwanara road project: Kwara govt admits contracts inflation eight months after TheICIR report

By Dare Akogun Kwara state government (KWSG) has admitted that the contract sum for the...

BURIED DREAMS: The doctors who died in their prime fighting Lassa fever

By Taiwo Adebulu As a teenager, Abel Obetta had big dreams. Following his father’s death,...

Democracy Day speech: Buhari makes false claim about primary elections

IN his nationwide broadcast on Sunday, 12th of June 2022 in commemoration of the 2022...

Rent your house to Yahoo boys, risk 15 years in jail, EFCC warns landlords

THE Economic and Financial Commission Commission (EFCC) has warned that landlords risk 15 years...
Advertisement

Most Read

Advertisement

Subscribe to our newsletter

Advertisement