Fuel Scarcity: NNPC Attributes Queues To Panic Buying

Fuel Scarcity: NNPC Attributes Queues To Panic Buying

The Nigerian National Petroleum Corporation, NNPC, has urged fuel consumers across the country to desist from panic buying, assuring that it has enough stock to meet the needs of consumers.

Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, who confirmed this in a statement said the ex-depot price of N133.38 per litre and the pump price of N143/N145 per litre of Premium Motor Spirit (petrol) have not changed, hence there was no need for panic buying.

Cerebral Lemon had reported that queues are growing within Lagos State and is already spreading to other states including Ogun and Kwara. We can confirm now that queues have started appearing in Osun state, though still at the minimum.

In Lagos bus fares have started going up with transporters now taking advantage of the situation to increase fares by at least N50.

Meanwhile, the Department of Petroleum Resources, DPR, has expressed dissatisfaction with the situation as it plans to embark on picketing of erring filling stations today.

The Public Affairs Officer, Mrs. Olaide Shonola, who confirmed the inspection, said there was no reason whatsoever for the scarcity that seems to be spreading gradually, and the department would leave no stone unturned to restore sanity into the system.

Author: Yemi Olarinre