The Nigerian National Petroleum Company (NNPC) has assured Nigerians to keep calm as it has no plans to increase fuel prices.
It also assured that it has over 1.7 billion litres of Premium Motor Spirit (PMS), also known as petrol, in stock and is expecting more into the country over the coming weeks.
The NNPC spokesman, Garba Deen Muhammad, who released a statement to douse the fear of citizens over the scarcity of petrol throughout the festive season, advised citizens to desist from panic buying of petroleum products.
According to the statement, “The general public is hereby advised not to engage in panic buying of Premium Motor Spirit, more commonly known as petrol.
“The NNPC has over 1.7 billion litres of petrol in stock and more product is expected to arrive into the country daily over the coming weeks and months.
“The NNPC is also not aware of any plan by the government to cause an increase in the pump price of petroleum. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has made that declaration last week.
“In view of these assurances, therefore, the NNPC is advising motorists and other consumers of petrol to maintain their regular pattern of the purchase of petrol without getting into a panic situation that may send the wrong signals around the country,” it advised.
“The NNPC is also engaging all stakeholders to ensure smooth supply and distribution of products to every part of the country during the festive season and beyond,” it added.
