Connect with us

Latest News

NNPC Speaks On Fuel Scarcity, Pump Price Increase

Published

on

nnpc
Kindly Share This

NNPC Speaks On Fuel Scarcity, Pump Price Increase

nnpc

The Nigerian National Petroleum Corporation (NNPC) has advised the public not to engage in panic buying Premium Motor Spirit, commonly known as petrol.

The NNPC said it was also not aware of any plan by the government to cause an increase in the pump price of petroleum.

Read Also 2023: Adeboye Reveals Nigeria’s Next President

A statement on Monday by Garba Muhammad, Group General Manager, Group Public Affairs Division, NNPC, in Abuja, said that the NNPC had over 1.7 billion litres of petrol in stock.

According to Muhammad, more of the product is expected to arrive in the country daily over the coming weeks and months.

He said it was therefore unnecessary to entertain any fear of scarcity of petrol throughout the festive season and beyond.

“The NNPC is also not aware of any plan by the government to cause an increase in the pump price of petroleum. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has made that declaration last week.

“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,” he said.

He noted that the NNPC is also engaging all stakeholders to ensure smooth supply and distribution of products to every part of the country during the festive season and beyond.

Kindly Share This
FOR BUSSINESS ADVERT CLICK THE WHATSAPP IMAGE BELOW
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Trending