. Flaunts 30-Day Reserves, Gives Self Pass Mark, Cautions Against Panic Buying
The Nigerian National Petroleum Company Limited (NNPCL) declared on Tuesday that “the queues have since thinned out,” in stations it monitored in Lagos and Abuja.
Platforms Africa reports that this, which was contained in a statement by Olufemi Soneye, Chief Corporate Communications Officer NNPC Ltd, came as the oil major maintained that the development “will keep improving daily in other states.”
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Stating that the “nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve,” the NNPCLimited, noted that it “has once again called on motorists to shun panic buying of the product.”
The statement e-signed by Soneye read; “In filling stations monitored across several states, including Lagos and the FCT, the queues have since thinned out, a development that will keep improving daily in other states.
“The Company wishes to state that at the moment, it has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency.
“The NNPC Ltd is also collaborating with relevant downstream agencies, such as the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector and security operatives to address hoarding and other unwholesome
