The Nigerian National Petroleum Corporation (NNPC) Limited, NNPC has cautioned Nigerians not to engage in panic buying of petrol, saying it has enough products for the country.
The corporation in a statement released said the sudden appearance of fuel queues in parts of Abuja was due to low loadouts at depots, which usually happen during long public holidays, in this case, the Sallah celebrations.
The NNPC Limited stated, “Another contributing factor to the sudden appearances of queues is the increased fuel purchase which is also usual with returning residents of the FCT from the public holidays.
“NNPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in conjunction with our marketing partners have taken necessary measures to ramp up loadouts from all depots.
“We assure all residents of the FCT, and indeed all Nigerians, that we have ample local supplies and national stock in excess of 2.5 billion liters, with sufficiency of more than 43 days.
The NNPC Ltd hereby advises motorist not to engage in panic buying as supplies are adequate as will become increasingly evident in the coming days.”
