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Petrol scarcity: NNPC warns against panic buying; assures of enough stock

Group Managing Director of NNPC, Dr Joseph Dawha
Group Managing Director of NNPC, Dr Joseph Dawha

Following rumours of an impending petrol scarcity set to hit the country, barely three weeks after normalization of supply of the commodity, the Management of the Nigerian National Petroleum Corporation (NNPC),Tuesday,  has moved to reassure the Nigerian public that it has stepped up efforts to maintain stability in the supply and distribution of petroleum products nationwide.

The Corporation disclosed in statement, made available to Global Patriot Newspapers, that it has enough stock of petrol to service the country for 25 days at a national consumption rate of 40 million litres per day even as it has stepped up product distribution to petroleum marketers and NNPC Retail outlets across the country.

While calling on members of the public to refrain from panic buying, the NNPC said ‘it has sufficient stock of petrol at its coastal depots in Port Harcourt, Warri, and Calabar besides the stock it holds in the national strategic reserves.’

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