The Nigerian National Petroleum Company, NNPC, Limited has again called on motorists to shun panic buying of Premium Motor Spirit, PMS, saying the company has fuel suffiency for 30 days.
The Company stated this in a statement by its Chief Corporate Communications Officer, Mr Olufemi Soneye.
The statement comes as the nationwide supply and distribution of petrol improves after the scarcity that hit most cities in the country last week.
Soneye said “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 stock of PMS, which is equivalent to over 30 days sufficiency.”
According to him, NNPC Ltd is also collaborating with relevant downstream agencies, such as the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, labour unions in the sector and security operatives to address hoarding and other unwholesome practices.
