NNPC to Nigerians: Don’t panic, we have enough fuel in store
The Nigerian National Petroleum Company (NNPC) has cautioned Nigerians not to engage in panic buying of petrol, saying it has enough product for the country.
The NNPC said this in a late Sunday statement by its Group General Manager, Group Public Affairs Division, Garba Deen Muhammad.
The corporation said the sudden appearance of fuel queues in parts of Abuja was due to low loadouts at depots, which usually happen during long public holidays.
It said it has over 2.5 billion litres of petrol in stock with a sufficiency of more than 43 days.
The response came amidst reports of a possible fuel shortage that has dominated the public space.
According to Muhammad, “The NNPC Ltd notes the sudden appearance of fuel queues in parts of Abuja."
“This is very likely due to low loadouts at depots which usually happen during long public holidays, in this case, the Sallah celebrations.
“Another contributing factor to the sudden appearances of queues is the increased fuel purchases which are also usual with returning residents of the FCT from the public holidays.
“NNPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in conjunction with our marketing partners have taken necessary measures to ramp up loadouts from all depots.
“We assure all residents of the FCT, and indeed all Nigerians, that we have ample local supplies and national stock in excess of 2.5 billion llitres with the sufficiency of more than 43 days.
“The NNPC Ltd hereby advises motorists not to engage in panic buying as supplies are adequate and will become increasingly evident in the coming days.”
NNPC doubles supply as scarcity bites harder
NIGERIAN National Petroleum Corporation (NNPC) Group Managing Director Dr. Maikanti Baru says the corporation has doubled the daily supply of Premium Motor Spirit (PMS), otherwise called petrol, from 700 trucks (about 27 million – 30 million) litres per day supply to 80 million litres per day since the scarcity in the supply chain was noticed.Despite the intervention, scarcity of petrol continued in several cities across the nation yesterday, with travelling motor...
NNPC searches for crude oil in Nasarawa state.
-NNPC plans oil exploration activities in Nasarawa state.-The move is part of the presidential directive for oil exploration in the lake chad basin and its environs.The Nigerian National Petroleum Corporation (NNPC), says the corporation will soon begin crude oil exploration in Nasarawa state as part of its search for oil in the nation’s inland basins.The disclosure was made by the Group Managing Director of the Corporation, Dr. Maikanti Baru, during a v...
NNPC suspends importation of kerosene
Contrary to claims by the Nigerian National Petroleum Corporation (NNPC) that it was importing Dual Purpose Kerosene (DPK), popularly called kerosene, to augment local production, statistics obtained from its website, yesterday, indicated it had stopped importation of the product.NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, had, in a telephone interview with Daily Sun, on Monday, said the corporation was still fulfilling its obligation by i...
Download Naijacrawl App today
Fastest way to read on the go
Download the Naijacrawl App.