The Nigerian National Petroleum Company, NNPC, Limited, has declared that it is working hand in hand with relevant downstream agencies to address the problem of hoarding of petrol in the country.
NNPC made the declaration on Tuesday in a statement issued by its spokesman, Mr. Olufemi Soneye
This is as the company warned members of the public not to engage in panic buying as there was enough supply of the product.
His words: “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.”
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Warning against panic buying, the spokesman said as the nationwide supply and distribution of petrol continued to improve, queues in filling stations monitored across several states, including Lagos and the FCT, had since thinned out.
He said the development would keep improving daily in other states.
He said NNPC wished to state that at the moment, it had over 1.5 billion litres stock of PMS, which was equivalent to over 30 days sufficiency.
