Stop Panic Buying, 30-Days PMS Sufficiency Intact, NNPCL Tells Motorists
A gas station attendant pumps fuel into a customer's car at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020. REUTERS/Afolabi Sotunde - RC20NF972FA1
Mobolaji Michael
THE Nigerian National Petroleum Company (NNPC) Limited has once again called on motorists to shun panic buying of Premium Motor Spirit (PMS), also known as petrol, pointing out that at the moment, it has over 1.5 billion litres of stock of the product, which is equivalent to over 30 days sufficiency.
A statement signed by Olufemi Soneye, Chief Corporate Communications Officer of the company noted that In filling stations monitored across several states, including Lagos and the FCT, the queues have since thinned out, a development that will keep improving daily in other states.
The Full Statement Reproduced Below
Again, NNPC Ltd Cautions Against Panic Buying
…Says 30-Days PMS Sufficiency Intact
L
As the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve, the Nigerian National Petroleum Company (NNPC) Limited has once again called on motorists to shun panic buying of the product.
In filling stations monitored across several states, including Lagos and the FCT, the queues have since thinned out, a development that will keep improving daily in other States.
The Company wishes to state that at the moment, it has over 1.5 billion litres of stock of PMS, which is equivalent to over 30 days of sufficiency.
The NNPC Ltd. is also collaborating with relevant downstream agencies, such as the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector and security operatives, to address hoarding and other unwholesome practices.
Olufemi Soneye
Chief Corporate Communications Officer
NNPC Ltd
Abuja.
07 May, 2024
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