Abuja, May 8, 2024 – The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday advised Nigerians to stop panic buying of petrol as it has over 1.5 billion litres to last more than 30 days in stock.
NNPCL gave the advice in a statement signed by Olufemi Soneye, its Chief Communications Officer.
It said the long queues in petrol stations across the country were already thinning out in Lagos and the Federal Capital Territory (FCT).
“As the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve, the Nigerian National Petroleum Company (NNPC) Limited has once again called on motorists to shun panic buying of the product.
“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 company wishes to state that at the moment, it has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency,” Soneye said.
NNPCL said it was collaborating with other agencies of government to check hoarding and other unwholesome practices.
