The NNPC has advised members of the public not to engage in panic buying of Premium Motor Spirit (PMS), more commonly known as petrol as there is enough in stock with more expected in the coming weeks and months.
A statement by Garba Deen Muhammad, Group General Manager, Group Public Affairs Division, NNPC also said that they are not aware of any plans by government to cause an increase in the pump price of petroleum.
Full text of the statement reads:
FUEL SUPPLY: PLEASE DO NOT PANIC
The general public is hereby adviced 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.
It is therefore unnecessary to entertain any fear of scarcity of petrol throughout the festive season and beyond.
The NNPC is also not aware of any plan by government 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 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.
Garba Deen Muhammad
Group General Manager
Group Public Affairs Division
NNPC.
Abuja.
08.11.2021
