The Nigerian National Petroleum Corporation, NNPC, has again advised Nigerians not to engage in panic buying of Premium Motor Spirit, more commonly known as petrol.
Garba Deen Muhammad, Group General Manager, Group Public Affairs Division, of the Corporation, in a statement confirmed that 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.
“It is therefore unnecessary to entertain any fear of scarcity of petrol throghout the festive season and beyond.
“The NNPC is also not aware of any plan by goverment 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” said Muhammad.
In view of these assurances, the NNPC advised 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 said it is also engaging all stakeholders to ensure smooth supply and distribution of products to every part of the country during the festive season and beyond.