NNPC debunks fuel scarcity rumours, warns against panic-buying

The Nigerian National Petroleum Corporation (NNPC) has once again appealed to Nigerians to stop the panic buying of petrol.

The state owned company urged Nigerians to disregard trending social media report of an impending fuel scarcity due to purported refusal by some oil marketers to lift products from depots.

The NNPC in a release on Friday by its Group General Manager, Group Public Affairs Division, Ndu Ughamadu, explained that the tale was fabricated by mischief makers with intent to create undue panic in the prevailing sanity in the fuel supply and distribution matrix across the country.

NNPC informed that it has over one billion litres of petrol in stock while Imports of 48 vessels of 50million litres each have been committed for the month of April 2019 alone noting that there was no need for panic buying or hoarding of petroleum products in anticipation of a phantom scarcity.

The NNPC Spokesman said the pump price of petrol remains N145 per litre.

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