The Major Energies Marketers Association of Nigeria (MEMAN) has advised motorists against panic buying of petrol, assuring Nigerians of sufficient stock.
The MEMAN Chief Executive Officer, Clement Isong, gave the advice in a statement on Thursday, October 31, 2024, over perceived shortages in the petroleum supply market.
Isong stated: “MEMAN assures the public and all stakeholders that we have significant stocks of products in our tanks and access to supplies from our partners, including Dangote Refinery and NNPC Trading Limited.
“We also have a clear outlook on future supplies of all petroleum products.”
He noted that the diversification of supply and market deregulation enabled marketers to plan and secure their supply needs in advance, minimising the risk of outages.
NMDPRA: Nigerians consume 50m litres of petrol daily
According to him, MEMAN does not foresee any disruptions in the availability of petroleum products either in the immediate future or near term.
Isong reiterated the importance of avoiding panic buying, noting that supply efficiency was improving, and logistics operations were being optimised.
He assured that MEMAN members were committed to optimising their supply chains to ensure the highest levels of availability, accessibility, and affordability for consumers in an increasingly competitive environment.
12 people, including 11 skydivers and a pilot, have been confirmed dead after a private…
Senator representing Edo North, Adams Oshiomhole, has alleged that Senate President Godswill Akpabio is suspicious…
Former Head of State, Abdulsalami Abubakar, has revealed that some politicians who publicly supported late…
Nigeria’s domestic gas market recorded a nearly 30 per cent increase in sales between January…
Mobile phone users in Nigeria and other emerging markets borrowed airtime worth about $3.18 billion…
The management of Chukwuemeka Odumegwu Ojukwu University (COOU), Igbariam in Anambra State, has dismissed five…
This website uses cookies.