The Nigerian National Petroleum Company Limited (NNPC) has assured worried Abuja residents that the petrol queues that sprang up over the weekend will be over soon, as there is 2.5 billion litres of petrol in stock that can last 43 days, just as it was working hard to end the crisis.
The response came amidst reported fuel queues at petrol stations in Abuja, the nation’s capital city, with many motorists scrambling to get the product.
But NNPC advised motorists not to engage in panic buying, as supplies are adequate and will become increasingly evident in the coming days.
Spokesperson for the Corporation, Garba Deen Muhammad, in a statement said the queues sprang from low loadouts at depots which usually happen during long public holidays, in this case, the Sallah celebrations.
The statement read: “The NNPC Ltd notes the sudden appearance of fuel queues in parts of Abuja.
“This is very likely due to low loadouts at depots which usually happen during long public holidays, in this case, the Sallah celebrations.
“Another contributing factor to the sudden appearances of queues is the increased fuel purchases which are also usual with returning residents of the FCT from the public holidays.
“NNPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), in conjunction with our marketing partners have taken necessary measures to ramp up loadouts from all depots.
“We assure all residents of the FCT, and indeed all Nigerians, that we have ample local supplies and national stock in excess of 2.5 billion litres with the sufficiency of more than 43 days.
“The NNPC Ltd, hereby, advises motorists not to engage in panic buying as supplies are adequate and will become increasingly evident in the coming days.”
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