NNPC cautions against panic buying of petrol

By Nnamdi Okosieme

The Nigerian National Petroleum Company (NNPC) Ltd, has warned Nigerians against buying petrol in panic.

The company in a statement signed by Garba Deen Muhammad, it’s Group General Manager, Public Affairs, said it has over 1.7 billion litres of petrol in stock and more of the product is expected to arrive into the country daily over the coming weeks and months.

The statement said it was therefore unnecessary for Nigerians 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.

“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 statement said.

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