Energy

NNPC LTD Assures Petrol Sufficiency, Cautions Against Panic Buying

By Sunday Etuka, Abuja

The Nigerian National Petroleum Company (NNPC) Limited said, it has 30-day petrol sufficiency, therefore, urged motorists not to engage in panic buying.

This comes on the heels of improved supply and distribution of the products across filing stations, nationwide.

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Mr. Olufemi Soneye, Chief Corporate Communications Officer of the NNPC Ltd who gave the assurance in a statement on Tuesday said, in filling stations monitored across several states, including Lagos and the FCT, the queues have since thinned out, a development that will keep improving daily in other States.

The National Oil Company affirmed that at the moment, it has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency.

NNPC, however, disclosed its collaboration with relevant downstream agencies, such as the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector and security operatives, to address hoarding and other unwholesome practices.

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