NNPC Debunks Rumours About Impending Fuel Scarcity

FILE PHOTO - A gas pump is seen hanging from the ceiling at a petrol station in Seoul June 27, 2011. REUTERS/Jo Yong-Hak/File Photo

BEVERLY HILLS, April 12, (THEWILL) – The Nigerian National Petroleum Corporation (NNPC), has debunked the rumours that the nation was going to experience fuel scarcity due to the alleged refusal of some oil marketers to lift products from the depots.

In a statement released on its verified Twitter handle and signed by Ndu Ughamadu, its Group General Manager, Group Public Affairs Division, NNPC said, it had over one billion litres of fuel in stock adding that there was no need for panic buying or hoarding of fuel.

The statement read, “FAKE NEWS ALERT: Discountenance Rumoured Fuel Scarcity, says @NNPCgroup.

“@NNPCgroup has once again appealed to Nigerians to disregard trending social media report of an impending fuel scarcity due to purported refusal by some oil marketers to lift products from depots.

“The NNPCgroup in a release this evening by its Group General Manager, Group Public Affairs Division, @NduUghamadu, explained that the tale was fabricated by mischief makers with intent to create undue panic in the prevailing sanity in the fuel supply and distribution matrix across the country.

“@NNPCgroup informed that it has over 1bln litres of petrol in stock while imports of 48 vessels of 50mln ltrs each have been committed for April 2019 alone, noting that there was no need for panic buying or hoarding of petroleum products in anticipation of a phantom scarcity.

“The NNPCgroup Spokesman said the pump price of petrol remains N145 per litre.”

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