Petrol: NNPC advises against panic buying
Economy Oil & Gas

Petrol: NNPC advises against panic buying

The Nigerian National Petroleum Company Limited says it has about 2.1 billion litres of petrol in stock.

It, therefore, advised Nigerians against panic buying as it has an adequate supply for now.

The company gave the assurance in a statement by its Chief Corporate Communications Officer, Garba-Deen Muhammad.

It stated that the 2.1 billion litres in stock represented 0.9 billion litres in all the land depots nationwide and 1.2 billion litres on marine vessels.

NNPCL said the stock “is also adequate for 35 days sufficiency as of March 4”.

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It said it planned to close the month of March with about 2.8 billion litres, which is equivalent to 47 days of sufficiency.

The NNPC noted that queues in some filling stations were largely due to restrictions in businesses and movement during last Saturday’s general elections.

“We expect normalcy to be restored in the next few days.

“NNPC Ltd. and all stakeholders will continue to work to ensure the seamless distribution of petroleum products.

“We, therefore, enjoin Nigerians not to engage in panic buying,” it added.



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