…Says 30-days PMS sufficiency intact
Mkpoikana Udoma
Port Harcourt — As the current fuel scarcity in parts of the country continues to bite harder, the Nigerian National Petroleum Company Limited, NNPCL, has urged motorists to shun panic buying of the product, assuring that the nationwide queues would thin out soon.
NNPC Ltd has also announced that it has over 1.5 billion litres stock of the premium motor spirit, PMS, also known as petrol, which is equivalent to over 30 days of sufficiency.
The company, in a statement by its Chief Corporate Communications Officer, Olufemi Soneye, said the company was collaborating with the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, labour unions in the sector and security operatives, to address hoarding and other unwholesome practices.
“As the nationwide supply and distribution of Premium Motor Spirit, also known as petrol, continue to improve, the Nigerian National Petroleum Company Limited has once again called on motorists to shun panic buying of the product.
“In filling stations monitored across several states, including Lagos and the FCT, the queues have 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 NNPC Ltd. is also collaborating with relevant downstream agencies, such as the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, labour unions in the sector and security operatives, to address hoarding and other unwholesome practices,” the statement reads.
This article was originally posted at sweetcrudereports.com
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