NNPC Advises Nigerians against Panic Buying
The Nigerian National Petroleum Corporation (NNPC) has called on members of the public to avoid panic buying of petroleum products, especially Premium Motor Spirit (petrol), as there is enough stock of the product to keep the entire country wet for 23 days.
The Corporation gave this assurance against the backdrop of emerging queues noticed at some filling stations in the Federal Capital Territory, Abuja, arising from rumours of impending scarcity.
It put the quantity of petrol stock in its depots across the country at 927,461,000 litres which is enough to serve the country for the next 23 days if no drop of the product is imported within the period.
It warned marketers not to engage in products hoarding and diversion as the PPMC monitoring team is empowered to sanction anyone found defaulting in those regards.