The Nigerian National Petroleum Company Limited (NNPC) has engaged security agencies and other industry stakeholders to dismantle cartels suspected of hoarding petrol across the country.
The company said that as the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve, it will have products that can last for 30 days.
The Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, therefore called on motorists to shun panic buying of the product.
READ: Nigerians Blast APC Scribe, Ajibola Basiru Over ‘Ignorant’ Comments Against Atiku
In filling stations monitored across several states, including Lagos and the FCT, the queues have since thinned out, a development that will keep improving daily in other states.
The oil company stated that at the moment, it has over 1.5 billion litres of PMS stock, which is equivalent to over 30-day sufficiency.
Soneye said the NNPC Ltd was also collaborating with relevant downstream agencies, such as the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector, and operatives, to address hoarding and other unwholesome practices.
Hafsoh Isiaq is a graduate of Linguistics. An avid writer committed to creative, high-quality research and news reportage. She has considerable experience in writing and reporting across a variety of platforms including print and online.
The Democratic Republic of Congo (DRC) army says it repelled an attempted coup d’etat involving…
A couple, Kazeem Omogoriola Owoalade (alias Abdul Qassim Adisa Balogun) and Rashidat Ayinke Owoalade (alias…
Eleven suspected pipeline vandals have been arrested by the Anti-Vandal Unit of the Nigerian Security…
All transition committee chairmen across the 21 local government areas of Anambra State have been…
Arsenal and Manchester City fans all over the world will be glued to their TVs…
Osun State Governor, Ademola Adeleke on Saturday, through the Commissioner for Education, Hon Dipo Eluwole,…
This website uses cookies.