The Management of the Nigerian National Petroleum Corporation (NNPC) and its downstream subsidiary, the Pipelines and Products Marketing Company (PPMC) has said it has over 32 days ample stock of petroleum products available for supply across the nation during the yuletide and beyond.
NNPC noted that the market is robust with premium motor spirit also known as petrol and enjoined motorists in Lagos and its environs not to engage in panic buying.
The NNPC stated that the noticeable queues in some filling stations in Lagos are attributable to panic buying caused by reduced truck- out of Premium Motor Spirit (PMS) from Oil Marketing Companies’ Depots in Apapa area of Lagos due to the gridlock created by the ongoing road construction in Apapa.
It urged Marketers affected by the Apapa road construction to load their petroleum products from its inland depot in Mosimi so as to support the “zero tolerance to fuel queues” policy across the country. It appealed to marketers to immediately commence loading from the PPMC Mosimi depot to cover for the shortfall from Apapa.
A statement by the Corporation’s Spokesman, Ohi Alegbe also advised Marketers to desist from hoarding or diversion of petroleum products as any marketer caught in the nefarious act would be sanctioned.
The NNPC called on the general public to avoid panic buying of petroleum products as adequate measures have been put in place to wet the nation with PMS in order to ensure hitch free transportation of goods and services during the yuletide period and beyond.
