NNPC Retail – a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL) has attributed the queue being recorded at petrol stations in the country to reduced Depot loadout in Apapa, Lagos over a few days.
It, however, said the root cause h been addressed and it was now in possession of petrol supply for at least 30 days.
The company made this known in a post on its X handle on Thursday.
There is been a shortage of petrol as marketers have been unable to import the product, citing forex issues and currency market volatility, a situation that has restored NNPCL to it’s position as sole importer.
The statement read as follows:
“NNPC Retail Limited notes the appearance of fuel queues in some parts of Lagos and a few other locations around the country. This is due to reduced Depot loadout in Apapa, Lagos over a few days, and the root cause has since been addressed.
“We assure all Nigerians that there is ample supply with the sufficiency of at least 30 days. Motorists are advised to desist from panic buying as distribution will normalize over the next couple of days.”