FUEL SCARCITY: NNPC's Firm Caution Against Panic Buying, Assuring Stability in Fuel Supply Nationwide

In a resolute stance against the specter of panic buying, the Nigerian National Petroleum Corporation (NNPC) Limited has issued a stern advisory, urging motorists and the general public to eschew any inclination towards frenzied procurement of Premium Motor Spirit (PMS), colloquially known as petrol.

In a comprehensive communique, articulated by the Chief Corporate Communications Officer of NNPC Ltd., Olufemi Soneye, the corporation underscores the noteworthy strides achieved in the domain of petrol supply and distribution across the expanse of the nation. Soneye elucidates that meticulous surveillance and evaluation of filling stations, spanning various states including the bustling metropolis of Lagos and the Federal Capital Territory (FCT), reveal a discernible alleviation in the queues that had hitherto beset these locales.

With a tone of reassurance, Soneye avows that this positive trajectory in supply management is poised for further proliferation across other states in the imminent days.

A cornerstone of the statement proclaims, "The Company wishes to state that at the moment, it has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency." This resolute declaration of inventory sufficiency seeks to allay any concerns regarding potential scarcity.

Moreover, NNPC Ltd. asserts its concerted collaboration with pertinent downstream regulatory entities such as the Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labor unions vested in the sector, and the vigilant oversight of security apparatuses. This synergistic endeavor is aimed at curbing malpractices like hoarding and other nefarious activities that could undermine the seamless flow of fuel across the nation.

Soneye underscores that this proactive stance epitomizes NNPC's unwavering dedication to ensuring an unbroken stream of petrol supply, steadfastly fortifying the nation against any potential disruptions in the fuel distribution network.

Antecedently, NNPC Ltd. had decisively addressed the concerns swirling around the current scarcity of Premium Motor Spirit, attributing the localized shortages to logistical impediments that have since been meticulously addressed and rectified.

With this clarion call for composure and the unambiguous assurance of robust supply, NNPC Ltd. stands as a bastion of stability, steadfastly guarding against any incipient anxieties amidst the Nigerian populace."