The Nigerian National Petroleum Company (NNPC) Limited, on Tuesday called on motorists to shun panic buying of the product Premium Motor Spirit (PMS), also known as petrol as the nationwide supply and distribution of continue to improve.
This is contained in a statement signed by Olufemi Soneye, Chief Corporate Communications Officer, that in filling stations monitored across several states, including Lagos and the FCT, the queues had since thinned out, a development that will keep improving daily in other states.
“The Company wishes to state that at the moment, it has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency,” the statement said.
“The NNPC Ltd is also collaborating with relevant downstream agencies, such as the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector and security operatives to address hoarding and other unwholesome practices.”
