By Olatunde Dodondawa
FUEL SUPPLY: PLEASE DO NOT PANIC
The Nigerian National Petroleum Corporation (NNPC) Limited has called on motorists to avoid engaging in panic buying of petroleum products assuring that there is enough stock to serve the country all through the festive season and beyond.
NNPC made this known in a statement issued by Garba Deen Muhammad, its Group General Manager, Group Public Affairs Division on Monday.
The clarification may not be unconnected to the growing queues in various filling stations in parts of the Federal Capital Territory (FCT) following speculations of the possible scarcity of products as the yuletide season is fast approaching.
The general public is hereby advised not to engage in panic buying 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 in the country daily over the coming weeks and months.
It is, therefore, unnecessary to entertain any fear of scarcity of petrol throughout the festive season and beyond.
The NNPC is also not aware of any plan by the government 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 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.
