Nigerian National Petroleum Corporation (NNPC) has urged the public to avoid panic buying of petroleum products, especially premium motor spirit (petrol). The The warning followed the return of queues yesterday at filling stations in the Federal Capital Territory(FCT).
NNPC Group General Manager (Group Public Affairs Division), Mr. Ohi Alegbe, said in a statement that there was enough stock of the product to last the country for 23 days.
He said besides the meeting of the management of the corporation with members of the Major Oil Marketers Association of Nigeria (MOMAN) and the Depot and Petroleum Products Marketers Association (DAPPMA) to seek their support for the uninterrupted fuel supply policy of the President Muhammadu administration, it had set up a monitoring team at the Pipeline and Products Marketing Company (PPMC) to check sharp practices that could affect the distribution and supply system.
NNPC put the quantity of petrol at its depots across the country at 927,461,000 litres, which it said was enough to serve the country for the next 23 days.
It warned marketers not to hoard petroleum products or divert them, saying the PPMC monitoring team was empowered to sanction defaulters.
Thenationonline
