NNPC Pleads With Public Against Panic Buying, Assures Of Sufficient Stock

The Nigeria National Petroleum Corporation Ltd (NNPC Ltd) has reiterated its advice to the general public not to engage in panic buying of Premium Motor Spirit (PMS), more commonly known as petrol.

It assured that it 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 Corporation said, “It is therefore unnecessary to entertain any fear of scarcity of petrol throughout the festive season and beyond.”

The NNPC further maintained that it is not aware of any plan by government to cause an increase in the pump price of petroleum, citing that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has made that declaration last week.

In view of these assurances, 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 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, according to Garba Deen Muhammad, Group General Manager, Group Public Affairs Division of NNPC Ltd