NNPCL to motorists: Stop panic buying, we’ve 1.5bn litres of petrol

The Nigerian National Petroleum Company Limited (NNPCL) says it has over 1.5 billion litres stock of Premium Motor Spirit (PMS), otherwise known as petrol, which will last for over 30 days.

The NNPCL, however, enjoined motorists to shun panic buying of petrol, saying the nationwide supply and distribution of PMS have improved across the country.

The company made this known via a statement issued by its spokesperson, Olufemi Soneye, on Tuesday, May 7, 2024.

Soneye noted: “In the 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.

NNPCL: We’ve 1.5bn litres, fuel queues’ll end May 1

“The company wishes to state that at the moment, it has over 1.5 billion litres stock of petrol, which is equivalent to over 30 days sufficiency.

“The NNPCL is also collaborating with relevant agencies, such as the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector, and security operatives to address hoarding and other unwholesome practices.”

The Star