NNPC Cautions Against Hoarding Of Fuel As Queues Hit Abuja
THE palpable fears that the nation may witness shortage of petroleum products has resulted in long queues for fuel in most parts of Abuja.
This comes as the Nigerian National Petroleum Corporation (NNPC) attributed the resurfacing of queues in most part of Abuja to panic buying and hoarding.
A statement by the Group General Manager, Group Public Affairs Division of the NNPC, Ohi Alegbe, Friday said the corporation was doing its best to ensure there is no shortage of the product in the country.
The management of the NNPC subsequently called on members of the public not to engage in panic buying and hoarding of petroleum products, as the corporation is working with all downstream industry stakeholders to eliminate the noticeable artificially induced fuel queues in some fuel stations. The corporation stated that it has already increased substantially the volume of petroleum products distributed to marketers, stating the NNPC is injecting additional volume of 600, 103.047 metric tonnes of premium motor spirit, the equivalent of 688 million litres of petrol, into the market within the next 48 hours to arrest any shortfall that may have been triggered by the unnecessary fears of an imminent scarcity of product.
Most of the filling stations within the metropolis did not sell petrol to motorists yesterday, as they claimed they were yet to receive the product from the depot.
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