Amid fear of increase in pump price and scarcity, the Nigerian National Petroleum Company (NNPC) Ltd has disclosed that the corporation has over two billion litres of petrol in stock.
Checks in Abuja on Tuesday indicated that a lot of filling stations were not operating while queues were observed at the few stations dispensing the product as roadside petrol hawkers thrive at some locations.
In a statement on Tuesday, the Group General Manager, Group Public Affairs Division, NNPC, Garba Deen Muhammad, cautioned Nigerians against panic buying in the yuletide period.
He said: “The NNPC is once again giving Nigerians strong assurance that we have product sufficiency that will last far beyond the festive period.
“Indeed, our stock has risen from a reserve of 1.7 billion litres to over two billion litres within the last one month.
“Thus, we once again urge Nigerians not to engage in panic buying but to fully enjoy the spirit of the festive season as we continue to work tirelessly to ensure sufficient supply of petrol to every part of the country,” the statement noted.
