The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of availability of adequate Premium Motor Spirit (PMS) in stock and urged motorists not to indulge in panic buying.
The Corporation said it has more than 60-day sufficiency of petrol in its depots across the country.
The corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, attributed the recent emergence of queues in some petrol stations across the country to the disruption of the free flow of vehicular movement due to the curfews and restrictions of movements particularly in Lagos State.
According to Obateru, there is no need for panic buying as the NNPC has over 2billion litres of petrol in stock to meet supply needs and at least 60-day-product supply sufficiency nationwide.
He said: “The disruptions or curtailment of free flow of vehicular movement occasioned by the ‘End SARS Protests’ and the attendant curfews, restrictions, and vandalism, particularly in Lagos obviously affected petroleum products movement and distribution.
With the easing of the curfews and restrictions of movement by various state governors, normalcy is expected to return to the petroleum products supply chain in the next couple of days.”
Obateru reaffirmed the commitment of the GMD, Mallam Mele Kyari, to a zero-fuel queue regime, adding the Corporation has put measures in place that would guarantee energy sufficiency in the country.