Business

No Need for Panic-buying, NNPC Assures Nigerians

Corporation injects additional 688 m litres of petrol into the market

The Management of the Nigerian National Petroleum Corporation, NNPC on Friday, called on members of the public not to engage in panic purchase and hoarding of petroleum products as the Corporation is working with all downstream industry stakeholders to eliminate the noticeable artificially induced fuel queues in some fuel stations.
The Corporation stated that it has already increased substantially, the volume of petroleum products distributed to marketers, stating the NNPC is injecting additional volume of 600, 103.047 metric tonnes of premium motor spirit, the equivalent of 688 million litres of petrol into the market within the next 48 hours, to arrest any short fall that may have been triggered by the unnecessary fears of an imminent scarcity of product.

 

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