NNPC allays fears of fuel scarcity, price hike


The Nigerian National Petroleum Corporation on Friday warned against panic buying of fuel, refuting reports of alleged plans by the Federal Government.

It also allayed fears of fuel scarcity over rumoured plans by oil marketers to stop lifting the product.

A statement by the spokesman of the corporation, Ndu Ughamadu, in it’s official tweeter account disclosed that the corporation has adequate quantity of the product in stock.

The social media has been awash with reports of alleged return of queues at fuel stations especially in some parts of Lagos State and the Federal Capital Territory (FCT).

Ughamadu”s statement reads:

“NNPCgroup has once again appealed to 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 this evening 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.

“The group informed that it has over 1bln litres of petrol in stock while imports of 48 vessels of 50mln ltrs each have been committed for 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 group Spokesman said the pump price of petrol remains N145 per litre.  ”


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