NNPC Ltd has reiterated its call for motorists to refrain from panic buying of Premium Motor Spirit (PMS), commonly known as petrol, as nationwide supply and distribution continue to improve.
In a press release issued by the company’s Chief Corporate Communications Officer, Olufemi Soneye, the company noted a significant decrease in queues at filling stations across various states, including Lagos and the Federal Capital Territory (FCT), with expectations of further improvements in other states.
The release highlighted NNPC’s current PMS stock of over 1.5 billion litres, ensuring over 30 days of sufficiency. The company emphasised its collaboration with relevant downstream agencies, such as the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector, and security operatives, to tackle hoarding and other illicit practices.
The announcement comes as a reassurance to consumers amidst concerns over fuel availability, signalling positive strides in the nation’s petroleum supply chain.
