News

NNPC Allays Fears of Fuel Scarcity

By Mohammed Mohammed

The Nigerian National Petroleum Company Limited (NNPC) Ltd, has moved swiftly to allayed the fears of motorists occasioned by the sudden mounting queues on Monday and Tuesday in petrol stations across the country.

There have been palpable fears that the federal government might upwardly review the pump price of PMS in the first quarter of 2022, from N162 per litre to about N340 per litre.

However, the authorities had consistently denied any envisaged increase in fuel pump price.

In a statement signed by the Group General Manager, Group Public Affairs Division, NNPC Limited, Mr. Garba Deen Muhammad, in a statement made available to the media, assured Nigerians that the company has sufficient PMS stock to meet the needs of Nigerians.

Muhammad, said: “The public is therefore, advised not to engage in panic buying of petrol; and to ignore all rumours that may suggest otherwise.

“In line with the existing laws of the land, NNPC Ltd, is deeply committed to ensuring energy security for the country.”

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