The Nigerian National Petroleum Company NNPC Ltd says it has boosted its stock of the Premium Motor Spirit (PMS) petrol from 1.7billion liters to 2billion liters.
NNPC spokesman, Malam Garba Deen Muhammad made this statement in a press release yesterday.
He said, “Indeed, our stock has risen from a reserve of 1.7 billion liters to over two billion liters within the last one month.”
According to him, there is sufficient petrol nationwide and there is no need for panic buying.
The statement reads in part: “NNPC wishes to express its appreciation to Nigerians for always heeding its advisories not to engage in panic buying of petrol.
“The NNPC is once again giving Nigerians strong assurance that we have product sufficiency that will last far beyond the festive period.
“Thus, we once again urge Nigerians not to engage in panic buying but to fully enjoy the spirit of the festive season as we continue to work tirelessly to ensure a sufficient supply of petrol to every part of the country.
“Once again the NNPC extends sincere appreciations to all Nigerians for your understanding and support.”
