The Nigerian National Petroleum Company Ltd. (NNPC) has announced it is committed to ensuring stock availability of PMS (petrol) during the Yuletide season despite fuel queues mounting in the Federal Capital Territory.
This was disclosed in a statement by the Group General Manager, Group Public Affairs Division, NNPC, Mr Garba Muhammad in Abuja.
The NNPC said its available stock of fuel has risen to over 2 billion litres in a month.
What they are saying
“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,” he said.
NNPC also urged Nigerians not to engage in panic buying for the season, and appreciated Nigerians for their support and understanding.
Nairametrics sources reveal that fuel queues are visible in some parts of the FCT despite NNPC’s available stock which has also affected transport prices in some areas of the Federal Capital Territory. The filling stations that have the product are selling at prices ranging from N162 to N165.
Black marketers were also seen hawking the product in jerry cans to interested motorists and other consumers at the rate of between N2,500 and N3,000 in 10-litre jerry cans.
