By Tony Obiechina, Abuja
As scarcity of Premium Motor Spirit (PMS), more commonly known as petrol looms in Abuja and environs, the Nigerian National Petroleum Corporation (NNPC) has advised the public not to engage in panic buying.
Group Public Affairs General Manager of NNPC, Mr Garba Deen Muhammad said in statement on Monday that the Corporation had over 1.7 billion litres of petrol in stock, as more product was expected to arrive into the country daily over the coming weeks and months.
According to the statement, “it is therefore unnecessary to entertain any fear of scarcity of petrol throghout the festive season and beyond.”
Part of the statement reads:
“The NNPC is also not aware of any plan by goverment 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.”
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