04 Dec 2022, 9:42 AM (GMT)

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There Is Sufficient Petrol, Says NNPC

The Nigerian National Petroleum Corporation (NNPC) Limited Wednesday said there is sufficient stock of petrol to meet local demand, calling on the public to desist from panic buying of the Premium Motor Spirit (PMS), or petrol.

Group General Manager, Group Public Affairs Division, Garba Deen Muhammad, who made this known in a press release, said NNPC Limited has sufficient PMS stock to meet the needs of Nigerians. 

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“The public is, therefore, advised not to engage in panic buying of petrol; and to ignore all rumours that may suggest otherwise.

“In line with the existing laws of the land, NNPC Limited. is deeply committed to ensuring energy security for the country,” Muhammad said.

The press release was a reaction to the scarcity of petrol in the country.

The skeletal scarcity that hit the Federal Capital Territory (FCT) on Tuesday, worsened yesterday.

According to the Independent Petroleum Marketers Association of Nigeria (IPMAN), National Vice President, Alhaji Abubakar Maigandi, the scarcity was due to panic buying resulting from the anticipated removal of subsidy.

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