We have 1 billion litres of petrol currently - NNPC advises against panic buying

We have 1 billion litres of petrol currently - NNPC advises against panic buying

- The Nigerian National Petroleum Corporation (NNPC) warns citizens against panic buying of petrol

- NNPC claims it has one billion litres of petrol in stock enough to go round the country

- The organisation describes the report of impending fuel crisis as fake and sponsored by mischief makers

The Nigerian National Petroleum Corporation (NNPC), on Thursday, April 11, denied the reported impending scarcity of petrol in the country and asked Nigerians to ignore the claim.

The NNPC, in a statement by its group general manager in charge of public affairs, Ndu Ughamadu, said it currently has at least 1 billion litres in stock adding that the report was sponsored by mischief makers with the plan to create undue panic in the country.

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It described the report of the impending fuel scarcity as fake adding that apart from the one billion litres, 48 vessels of 50 million litres each have been committed for the month of April alone.

Legit.ng earlier reported that the Nigerian National Petroleum Corporation recently advised Nigerians to report any filling station that sells petrol beyond N145 per litre to the Department of Petroleum Resources (DPR).

The report said the NNPC gave the advice in a statement by its group general manager, group public affairs division, Ndu Ughamadu, on Thursday, April 4, in Abuja.

The corporation also allayed the fears of insufficient supply of petroleum products in the country and gave assurance of an eventful Easter period.

It also reported that the NNPC recently cautioned depot owners and terminal operators against selling Premium Motor Spirit (PMS), otherwise known as petrol, above the official ex-depot price of N133.28k per litre.

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The NNPC also warned petroleum products marketers not to sell the product above N145 per litre.

Ex-depot price is the ceiling at which depot owners or terminal operators sell products to marketers, while the pump price of a product is the amount consumers buy it from fuel stations.

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Source: Legit

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