April 17, 2024
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NNPC Urges Nigerians to Avoid Panic Buying of Fuel

The Nigerian National Petroleum Company (NNPC) Limited has acknowledged the emergence of fuel queues in some parts of Lagos and a few other locations across the country.

The queues, attributed to reduced Depot loadout in Apapa, Lagos State over the past few days, have caused concerns among motorists. However, the NNPC assured the public that the root cause of the queues has been promptly addressed.

In an official statement released on Thursday, Leadership reported that NNPC Retail Ltd. emphasized that there is no cause for alarm as there is an ample supply of fuel, ensuring sufficiency for at least 30 days. The retail management advised Nigerians to refrain from panic buying, assuring that the distribution situation would normalize within the next few days.

This development echoes past instances of fuel scarcity in the country, notably in May, following the announcement by President Bola Tinubu regarding the end of fuel subsidy during his inauguration. The resultant scarcity led to long queues at petrol stations nationwide, with prices surging significantly. The NNPC’s assurance aims to alleviate concerns and restore confidence in the fuel supply system, urging citizens to refrain from panic-induced purchases

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