Fidelity bank card banner Camano banner
NNPC advises against panic buying of petrol

By News Express on 14/10/2015

Views: 3,464

The Nigerian National Petroleum Corporation (NNPC) has advised members of the public to avoid panic buying of petroleum products, especially premium motor spirit (petrol).

This is contained in a statement by NNPC’s Group General Manager, Group Public Affairs Division, Mr. Ohi Alegbe, in Abuja on Tuesday.

According to the statement, NNPC says there is enough stock of the PMS product to maintain the entire country for 23 days.

The statement said NNPC gave the assurance against the backdrop of emerging queues noticed at some filling stations in the Federal Capital Territory, arising from rumours of impending scarcity.

It said that the meeting of the corporation with oil marketers association was to ensure that they keyed into the uninterrupted fuel supply policy of the administration.

The statement noted that NNPC had set up a monitoring team at the Pipeline and Products Marketing Company (PPMC) to check sharp practices that could impede the distribution and supply system.

According to the statement, the quantity of petrol stock in its depots across the country is 927,461,000 litres.

It reiterated that the available stock would serve the country for the next 23 days if no drop of the PMS product was imported within the period.

The statement warned marketers not to engage in products hoarding and diversion as the PPMC monitoring team had been empowered to sanction anyone found defaulting in that regard.

It also called on members of the public to discountenance the rumour of the reduction of the pump price of petrol to N57 per litre, adding that the price of the product remained N87 per litre. (NAN)

*Photo shows NNPC logo.

Source NewsExpress

Posted 14/10/2015 04:09:31 AM





You may also like...
Buhari not in control of his government, says...

Army parades illegal oil bunkerers in Kaduna

Gov. Yero endorses new Kaduna Speaker

Presidential Spokesman Femi Adesina bags chieftaincy title in...

2019: PDP to regain power in Kaduna —...

Egyptian President Sissi’s rule extended until 2030

Not yet a wedding bell in Ooni’s Palace...

OPEC appoints Nigerian Board Chairman

SERAP seeks improved security for EFCC officials

Tribunal absolves defendants of negligence in share sale...

Einstein Forum launches search for Africa’s top scientific...

ECOWAS Court adjourns N500 billion suit against FG...


Latest News BREAKING: Buhari appoints Kyari NNPC GMD Iran's Revolutionary Guard shoots down US 'spy' drone The elephant in the room, a dent on its trunk, By Najatu Muhammad Suspect who made N200m from kidnapping in 6 months paraded in Abuja 300-level UNIBEN student commits suicide over alleged heart break Gunmen attack passenger bus in Rivers, abduct travellers Troops destroy Boko Haram camps in Borno, rescue children, women Police teargas, arrest 12 in Anambra during protest over 44-year-old land tussle Kidnapped ex-Health Minister’s son regains freedom INEC retrieves, re-issues over 70 Certificates of Return Court stops el-Rufai from licensing pastors in Kaduna Senate President Lawan retains Saraki’s aides


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (495,140 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (425,814 views) Shameless Genevieve Nnaji exposes breasts in public (365,699 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (312,272 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (276,542 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (244,201 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (234,241 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (216,131 views) 10 cars more expensive than Jets (213,267 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (204,681 views) Lagos plane crash: Journalist releases victims’ names (184,747 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (184,023 views)


NNPC 2019 National Science Quiz Competition

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (94) Business & Economy (4,318) Business Verdict (74) Columnists (1,052) Complaints & Requests (95) Enterprise & Opportunities (209) Entertainment (624) Features (762) Global Business Monitor (380) ICT Monitor (53) International (3,608) Interview (184) Live Commentary (30) Love Matters (162) Maggie's Blog (305) News (47,537) Opinion (1,263) Pidgin (17) Politics (11,041) Religion (1,026) Sports (2,045) Stock Watch (39) AMA & Al Jazeera Global Update






APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera