The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians that it has stocked over 1bn litres of Premium Motor Spirit (petrol) urging them to ignore rumors of an impending scarcity of petrol in the country and stop panic buying.
Many filling stations in the country have locked their gates while the few selling in many parts of the country have been beseiged by Nigerians who are stocking petroleum products in their vehicles and homes following rumors that the commodities might soon be scarce.
However in a statement released by its Group General Manager, Group Public Affairs Division, Ndu Ughamadu, the corporation said that the report of an impending fuel scarcity due to the purported refusal by some oil marketers to lift products from depots was “fake news”.
NNPC said over one billion litres of petrol were in stock while imports of 48 vessels of 50 million litres each have been committed for the month of April alone.
It further gave assurance that there was no need for panic buying or hoarding of petroleum products in anticipation of scarcity.
The corportaion also stated that the approved pump price of petrol remained N145 per litre.
