Fuel Scarcity: NNPC has no plan to increase price
By Uzair Adam Imam
The Nigerian National Petroleum Company (NNPC) assured to have over 1.7 billion litres of petrol in stock, thereby making it unnecessary for the citizens to fear fuel scarcity.
This was made public in a release signed by the NNPC spokesperson, Garba Deen Muhammad stating that it is unnecessary to entertain any fear of scarcity of petrol throughout the festive season and beyond.
“The general public is hereby advised not to engage in panic buying of 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 into the country daily over the coming weeks and months”, the national oil company said in a statement on Monday,” the statement added.
However, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) also added that: “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 smooth supply and distribution of products to every part of the country during the festive season and beyond.”