We have two billion liters of Premium Motor Spirit, hence, no need for panic – NNPC

The Nigerian National Petroleum corporation (NNPC) has cautioned motorists not to engage in panic buying of Premium Motor Spirit (PMS) also known as petrol, assuring of normalcy in the supply of petroleum products.

Earlier this week , Inside OAU Media reporter that The Asiwaju of Lagos , Bola Tinubu denied owning or having investment in the Lekki toll-gate incident in Lagos state,


Kennie Obateru, the Group General Manager, Group Public Affairs Division, who disclosed this to the News Agency of Nigeria (NAN) in Abuja on Monday added that the long queues currently being experienced were due to the curfew imposed in some states over the EndSARS protests.
Mr Obateru said that the curfew affected the free movement of vehicles for the supply of products, but assured of normalcy in a couple of days.


“The disruptions and curtailment of free flow of vehicular movement occasioned by the EndSARS protests, the attendant curfews, restrictions and vandalism affect the supply situation.

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“Normalcy is expected to return to the petroleum products supply chain in the next couple of days.
Reacting to the queues that surfaced in Abuja and neighbouring states on Tuesday morning, the NNPC said in a tweet that there was no need for panic
It said, “There is no need for panic-buying, rest assured that the NNPC has over two billion litres of Premium Motor Spirit in stock to guarantee steady supply and at least 60-day-product supply sufficiency.”

Source: Premium Times, Punch

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