NNPC debunks looming fuel scarcity rumour, says 55 depots stocked with petrol nationwide


The Nigerian National Petroleum Corporation (NNPC) has allayed Nigerians’ fears over impending fuel scarcity, insisting there is enough petroleum products stocked in 55 fuel depots across the country, according to Agency reports.

In furtherance of this, the NNPC spokesperson, Ndu Ughamadu, has urged motorists and other petroleum products consumers not to engage in panic buying.

Ughamadu said 23 depots in Lagos, seven in Port Harcourt, 11 in Warri, six in Calabar and eight in Kaduna were fully stocked with white products, adding that two vessels laden with 50 million litres of Premium Motor Spirit (PMS), otherwise called petrol, would arrive the shores of Nigeria every day from Friday.

He assured Nigerians of an eventful Easter period and cautioned depot owners or terminal operators against selling petrol above the official ex-depot price of N133.28k per litre.

The corporation also advised petroleum products marketers not to sell the product above N145 per litre.

The NNPC said the subsisting ex-depot petrol price of N133.28k per litre was consistent with the petroleum products pricing template of the Petroleum Products Pricing Regulatory Agency’s (PPPRA) and should be adhered to.

He advised Nigerians to remain vigilant and volunteer information to the Department of Petroleum Resources (DPR), the Industry regulator or to any law enforcement agency around them, on any station which sells petrol beyond N145 per litre.


Posted By Oyedeyi Samson

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