Nigeria: NNPC reassures nation with 30-day PMS supply, urges against panic buying
In a press release issued today, the Nigerian National Petroleum Company (NNPC) Limited reaffirmed its stance against panic buying of Premium Motor Spirit (PMS), commonly known as petrol, amidst a backdrop of improving nationwide supply and distribution.
Following recent improvements in supply logistics, observed notably in Lagos and the Federal Capital Territory (FCT), queues at filling stations have significantly diminished. The NNPC projects that this trend will continue to ameliorate across other states in the coming days.
NNPC emphasized that its current stockpile of PMS stands at over 1.5 billion liters, ensuring a robust 30-day sufficiency for the country’s needs. This reassurance aims to allay concerns about potential shortages and curb the impulse for panic buying among motorists.
Collaborating closely with key downstream agencies like the Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labor unions within the sector, and security forces, NNPC is committed to combating hoarding and other unethical practices that may disrupt the fuel supply chain.
Chief Corporate Communications Officer of NNPC Ltd, Olufemi Soneye, issued this statement from Abuja, underscoring the corporation’s ongoing efforts to stabilize and secure the nation’s fuel supply.
The NNPC’s latest advisory not only highlights the current stability in PMS distribution but also underscores the importance of collective responsibility in maintaining a steady and reliable fuel supply nationwide.
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