The general public has been advised against panic buying of premium motor spirit (PMS), commonly known as petrol.
A press release signed by the Group General Manager, Group Public Affairs Division of NNPC, Garba Deen Muhammad confirmed that the corporation has over 1.7 billion litres of petrol in stock, with more of the product expected to be delivered in the country in the coming weeks and months.
The corporation therefore said that it is unnecessary to entertain any fear of scarcity of petrol throghout the festive season and beyond.
“The NNPC is also not aware of any plan by goverment to cause an increase in the pump price of petroleum.
“The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has made that declaration last week.
“In view of these assurances therefore, the NNPC is advising motorists and other consumers of petrol to maintain their regular pattern of the purchase of petrol without getting into a panic situation that may send the wrong signals around the country”, the press release stated.
“NNPC is also engaging all stakeholders to ensure smooth supply and distribution of products to every part of the country during the festive season and beyond”, the release added.