Nigerians have been informed that the Nigerian National Petroleum Company Limited has enough Premium Motor Spirit to meet domestic demand.
The NNPC’s duty to maintain energy security in Africa’s largest oil producer was also reaffirmed.
In a statement released by its spokeswoman, Garba Deen Muhammad, and uploaded on the microblogging site Twitter, the state-owned petroleum firm advised Nigerians to refrain from panic buying PMS across the country.
The NNPC said, “The NNPC Ltd. wishes to assure the public that the Company has sufficient PMS stock to meet the needs of Nigerians.
“The public is, therefore, advised not to engage in panic buying of petrol; and to ignore all rumours that may suggest otherwise.
“In line with the existing laws of the land, NNPC Ltd. is deeply committed to ensuring energy security for the country.”
Timipre Sylva, Minister of State for Petroleum Resources, said during a briefing on the status of the Federal Government’s PMS subsidy programme on Tuesday that the lineups were not natural.
However, the administration has put a hold on plans to eliminate the subsidy for 18 months.
Sylva said, “People tend to want to take steps against it, some want to profiteer and of course they try to begin to hoard. Some people also want to make sure that they stock enough PMS in their homes, so that whenever there is this announcement, they will be able to have enough in storage.
“So, all that will inform the reason for this panic buying and of course panic hoarding. But that is why the government has to come out to make things very clear to you that this is not on the cards.”
Simply want to say your article is as surprising. The clearness in your post is simply spectacular and i can assume you are an expert on this subject. Well with your permission allow me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please keep up the rewarding work.
I’ve read some just right stuff here. Definitely worth bookmarking for revisiting. I wonder how much attempt you put to create one of these magnificent informative web site.
Hey there! I’ve been following your web site for a long time now and finally got the bravery to go ahead and give you a shout out from Austin Tx! Just wanted to mention keep up the fantastic job!
Pretty portion of content. I simply stumbled upon your blog and in accession capital to say that I acquire in fact enjoyed account your blog posts. Any way I’ll be subscribing on your augment or even I fulfillment you get entry to persistently rapidly.