Don’t Panic Over Fuel Scarcity, NNPC Tells Nigerians

THE Nigerian National Petroleum Corporation (NNPC) has cautioned members of the public against panic buying over fears of a resurgence of petroleum products, saying that it has stepped up efforts to maintain stability in the supply and distribution of petroleum products nationwide.
Queues have begun to reappear at filling stations in major cities of Lagos and Abuja, as illegal fuel vendors, popularly known as black marketers, have also resurfaced with gallons of fuel for sale.
But the NNPC disclosed in statement issued by its spokesman, Ohi Alegbe, that it has enough stock of petrol to service the country for 25 days at a national consumption rate of 40 million litres per day, adding that it has stepped up product distribution to petroleum marketers and NNPC retail outlets across the country.
While calling on members of the public to refrain from panic buying, the corporation assured that it has sufficient stock of petrol at its coastal depots in Port Harcourt, Warri, and Calabar besides the stock it holds in the national strategic reserves.