Again, NNPC Advises Against Panic Buying, Assures Nigerians Of 1.5 Billion Litres Petrol Stock

Amid the current scarcity of petrol and long queues at filling stations across the country, the Nigerian National Petroleum Company Limited (NNPCL) has advised Nigerians against indulging in panic buying of the product.

Chief Corporate Communications Officer of NNPCL, Mr. Olufemi Soneye, gave the caution in a statement issued on Tuesday, saying the company has over 1.5 billion litres of petrol in stock, which he said was sufficient to last the next 30 days.

Soneye, said the queues seen in several filling stations in the country, including Lagos and Abuja, have since thinned out and that the development would keep improving daily in other states.

He said, “As the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve, the Nigerian National Petroleum Company (NNPC) Limited has once again called on motorists to shun panic buying of the product.

“In filling stations monitored across several states, including Lagos and the FCT, the queues have since thinned out, a development that will keep improving daily in other states.

“The company wishes to state that at the moment, it has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency.

“The NNPC Ltd is also collaborating with relevant downstream agencies, such as the Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector and security operatives to address hoarding and other unwholesome practices.”

Peter Uzoho 

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