NNPC Says Petrol Is Enough To Go Round

The Nigerian National Petroleum Corporation (NNPC) says it has added 688 million litres of petrol in the market, dousing fears raised by scarcity witnessed in some states.

The corporation’s spokesman, Mr Ohi Alegbe, in a statement, said there was no need for panic buying which he said might be the reason for the recent artificial fuel scarcity.

“The Corporation is working with all downstream industry stakeholders to eliminate the noticeable artificially induced fuel queues in some fuel stations,” the statement read.

He assured Nigerians that the NNPC had enough products to go round for use across the country and advised against panic buying and hoarding of petroleum products.

Residents in some states in Nigeria are facing hard times getting petrol, which they highly rely on to power electricity generating sets for businesses and for home use.

Earlier on friday, residents of Ekiti State in western Nigeria called for an end to the artificial fuel scarcity gradually beginning to take its toll on business activities in the state.

The ongoing artificial fuel scarcity is gradually going round the 36 states of the federation, with Ekiti State witnessing long queues of motorists trying to purchase fuel.

The Independent Petroleum Marketers Association of Nigeria in Ekiti State told reporters on Friday that nothing could be done ‘until the depot price is reduced’.