The Nigerian National Petroleum Company Limited (NNPCL) has stated that it has about 1.5 billion litres of premium motor spirit (PMS), also known as petrol, which would be sufficient for 30 days’ supply.
It, therefore, warned the public against panic buying of the product.
The firm, in a statement on Tuesday, pointed out queues across fuel stations in the country had reduced significantly, following the measures it has taken to address supply scarcity.
NNPCL said it was collaborating with relevant agencies, including the Nigerian Mainstream and Downstream Petroleum Regulatory Authority (NMDPRA), labour unions and security agents to address uncompetitive practices and hoarding by marketers and distributors.
