NNPC advises against panic-buying of petrol


The Nigerian National Petroleum Corporation (NNPC) has advised the general public not to engage in panic-buying of premium motor spirit known commonly as petrol, saying it does not plan to increase petrol price.

The corporation said in a statement on Monday by its spokesman Garba Muhammad that it has over 1.7 billion litres of petrol in stock, assuring that more would arrive into the country daily in the coming weeks.

“It is therefore unnecessary to entertain any fear of scarcity of petrol throughout the festive season and beyond.

“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 statement read.

The NNPC added that it is also engaging all stakeholders to ensure smooth supply and distribution of products around the country during the festive season and beyond.