Don’t Create Artificial Fuel Scarcity, NNPC Cautions Nigerians

The Nigerian National Petroleum Corporation (NNPC) has once cautioned members of the public against engaging in panic buying of petrol, stressing that the national oil company has over 1.7 billion litres of the product in stock.

A statement by the NNPC Spokesman, Mr. Garba Muhammad, yesterday reiterated that the corporation was also not aware of any plan by government to cause an increase in the pump price of petroleum.

In addition, the NNPC stated that more product was expected to arrive in the country daily over the coming weeks and months, insisting that it was therefore unnecessary to entertain any fear of scarcity of petrol throughout the festive season and beyond.

“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,” it stated.

The NNPC said it was engaging all stakeholders to ensure smooth supply and distribution of products to every part of the country during the festive season and beyond.