Breaking: Fuel Scarcity: NNPC Ltd Cautions Motorists Against Panic Buying

…Says 30-Days PMS Sufficiency Intact

As the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, begins to show signs of improvement, the Nigerian National Petroleum Company (NNPC) Limited has again called on motorists to shun panic buying of the product.

This follows reported cases of product shortage and inflated prices on isolated parts of the country.

According to a press statement by Olufemi Soneye, the Chief Corporate Communications Officer of the NNPCL, filling stations monitored across several states, including Lagos and the FCT, shows that the queues have since thinned out, a development that will keep improving daily in other States.

The Spokesperson of the Company also gave assurances that at the moment, it has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency.

The statement also states that the NNPC Ltd. is also collaborating with relevant downstream agencies, such as the Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector and security operatives, to address hoarding and other unwholesome practices.