Fuel scarcity: NNPC counters oil marketers, says it has enough stock — warns against panic buying

• The corporation assured Nigerians that it has enough product and the long queues would soon disappear.

The Nigerian National Petroleum Corporation (NNPC) has allayed the fears of the citizenry over the fuel scarcity ravaging some parts of the country.

The corporation assured Nigerians that it has enough product and the long queues would soon disappear.

The Independent Petroleum Marketers Association of Nigeria, IPMAN, had on Sunday said the fuel scarcity crisis being experienced in some states would take another two weeks to be resolved.

However, the Chief Corporate Communications Officer, NNPC Ltd, Olufemi Soneye, disproved IPMAN assertion.

He expressed optimism that the queues will be a thing of the past in the coming days, adding that NNPC Ltd has adequate stock.

He also assured the citizenry that the corporation will not increase the pump price of petrol and appealed to them not to engage in panic buying.

He stated: “The Nigerian National Petroleum Company Limited, NNPCL, wishes to clarify that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is a result of logistics issues and they have been resolved.

“It also wishes to reiterate that prices of petroleum products are not changing. It urges Nigerians to avoid panic buying as there are sufficient products in the country.”