Wednesday, May 18, 2022

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‘There’s sufficient fuel’ – NNPC warns against panic buying

As fuel queues return in some parts of Abuja, the Federal Capital Territory, the Nigerian National Petroleum Corporation (NNPC) on Wednesday, assured Nigerians that the company has sufficient stock of Premium Motor Spirit, otherwise known as petrol, to meet the needs of Nigerians.

In a statement released on Wednesday by the Group Managing Director, Group Public Affairs Division of the NNPC, Garba Deen Muhammad, the corporation warned against panic-buying, advising Nigerians to ignore all rumours that there are plans to increase pump prices.

“The NNPC Ltd. wishes to assure the public that the Company has sufficient PMS stock to meet the needs of Nigerians.

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

The corporation also assured Nigerians that it remains deeply committed to ensuring energy security for the country.

This comes hours after the NNPC had requested the sum of three trillion naira (N3,000,000,000,000) as fuel subsidy for 2022.

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