" ITREALMS: Petrol: Stop panic buying says NNPC - ITREALMS

Tuesday, May 07, 2024

Petrol: Stop panic buying says NNPC - ITREALMS

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… 30-day PMS intact

Given an improved nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, the Nigerian National Petroleum Company (NNPC) Limited has once again called on motorists to shun panic buying of the product, reports 
Chief Corporate, Communications Officer
NNPC Ltd, Olufemi Soneye in a press statement available to 
ITREALMS noted that in filling stations monitored across several states, including Lagos and the Federal Capital Territory (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.

The NNPC Ltd is also collaborating with relevant downstream agencies, such as the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector and security operatives to address hoarding and other unwholesome practices.

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