NNPC Limited has assured Nigerians that there is enough petrol available to meet the needs of the people
The state-owned oil company has asked Nigerians to stop panic buying and to address rumours of a new fuel price
For weeks, Nigerians have struggled to buy fuel at filling stations, which NNPC has blamed on logistics challenges
The Nigerian National Petroleum Company Limited (NNPC) has assured Nigerians that it has over 1.5 billion litres of stock of premium motor spirit (PMS), also known as petrol, enough to serve the country for the next 30 days.
This was disclosed in a statement released on X (formerly Twitter) on Tuesday, May 7, 2024, and signed by Olufemi Soneye, the company’s chief corporate communications officer.
NNPC on fuel queues
The NNPC also said that the long queues at filling stations nationwide will disappear as the supply and distribution of petrol continue to improve.
It added that queues in filling stations were gradually disappearing across several states, including Lagos and the FCT.
The statement reads:
“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 stock of PMS, which is equivalent to over 30 days sufficiency.
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