Stop Panic Buying , NNPC Tells Nigerians As Motorists Queues Persist

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Stop Panic Buying , NNPC Tells Nigerians As Motorists Queues Persist
Stop Panic Buying , NNPC Tells Nigerians As Motorists Queues Persist

Stop Panic Buying, NNPC Tells Nigerians As Motorists Queues Persist

The Nigerian National Petroleum Corporation (NNPC ) has urged fuel consumers across the country to desist from panic buying , assuring that it has enough stock to meet the needs of consumers.

Group General Manager , Group Public Affairs Division, NNPC , Ndu Ughamadu , who confirmed this in a statement yesterday , said the ex-depot price of N133. 38 per litre and the pump price of N 143/ N145 per litre of Premium Motor Spirit (petrol) have not changed , hence there was no need for panic buying.

A close source yesterday revealed that a significant number of filling stations in Lagos metropolis have no stock, while others were rationing the product.

The situation led to long queues and unethical bargaining with dealers by consumers leading to obstructing traffic thereby causing gridlock for road users and attendant pains and disappointments.

Stations monitored include Mobil at Isolo , Al – Mourof , Total (Agege), Pinnacle, Petroleum Manager, Wheel Oil among others.

Some commercial bus operators are already taking advantage of the situation to indiscriminately hike fares by as mush as 50 per cent .

Meanwhile, the Senate Committee on Petroleum Downstream yesterday summoned Baru, to appear before it on Thursday, Dec . 7, having failed to appear before it yesterday . It also announced plans to commence nationwide inspection of filling stations over fuel scarcity in the country.

The Chairman of the committee, Kabiru Marafa, made this known while briefing newsmen shortly after an investigative hearing on the matter in Abuja.

Marafa said the senate would not watch some unpatriotic persons put Nigerians through any form of hardship , particularly given the yuletide.

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