The Nigeria National Petroleum Corporation on Monday, assured of adequate supply of Premium Motor Spirit across the federation, stating that the general public need not engage in panic buying.
In a statement, signed by Garba Deen Muhammad, Group General Manager, Group Public Affairs Division, NNPC, said the corporation has over 1.7 billion litres of petrol in stock while more product is expected to arrive into the country daily over the coming weeks and months.
The statement said it is ‘unnecessary to entertain any fear of scarcity of petrol throughout the festive season and beyond,’ stating that the NNPC is also not aware of any plan by government to increase the pump price of petroleum, noting that ‘the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) made the 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 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.
