The Nigerian National Petroleum Corporation (NNPC) has
advised the public not to engage in panic buying Premium Motor Spirit, commonly
known as petrol.
The NNPC said it was also not aware of any plan by the
government to cause an increase in the pump price of petroleum.
A statement on Monday by Garba Muhammad, Group General
Manager, Group Public Affairs Division, NNPC, in Abuja, said that the NNPC had
over 1.7 billion litres of petrol in stock.
According to Muhammad, more of the product is expected to
arrive in the country daily over the coming weeks and months.
He said it was 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 the 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,” he said.
He noted that 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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