Home FEATURED NNPC: No Need For Panic Buying Or Hoarding Of Petroleum Products

NNPC: No Need For Panic Buying Or Hoarding Of Petroleum Products

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NNPC

The Nigerian National Petroleum Corporation (NNPC) has again denied the story flying up and down about an impending scarcity of petrol in the country.

In a statement issued by Ndu Ughamadu, NNPC spokesman, on Thursday, April 11, 2019, the corporation summed it up as “tales fabricated by mischief makers with intent to create undue panic in the prevailing sanity in the fuel supply and distribution matrix across the country.

“The Nigerian National Petroleum Corporation (NNPC) has once again appealed to Nigerians to disregard trending social media report of an impending fuel scarcity due to purported refusal by some oil marketers to lift products from depots,” the statement added.

Reassuring Nigerians that it already has a stock of over one billion litres of petrol, with over two billion litres secured for April through imports of 48 vessels with each having a capacity of 50 million litres of petrol, it stated that there’s no cause for alarm.

It said there was “no need for panic buying or hoarding of petroleum products in anticipation of a phantom scarcity.”

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