Home NEWS “Over 1bn Liters In Stock” – NNPC Denies Fuel Scarcity Rumours

“Over 1bn Liters In Stock” – NNPC Denies Fuel Scarcity Rumours

Nigerian National Petroleum Corporation (NNPC) has quelled rumours of impending fuel scarcity across the country.

This was revealed in a statement by Ndu Ughamadu, the corporation’s General Manager in charge of Public Affairs.

The statement added that the Group has over 1 billion litres of petrol in stock “while imports of 48 vessels of 50mln ltrs each have been committed for April 2019 alone”.

See statement below:

@NNPCgroup has once again appealed to Nigerians to disregard trending social media report of an impending fuel scarcity due to purported refusal by some oil marketers to lift products from depots.

The @NNPCgroup in a release this evening by its Group General Manager, Group Public Affairs Division, @NduUghamadu, explained that the tale was fabricated by mischief makers with intent to create undue panic in the prevailing sanity in the fuel supply and distribution matrix across the country.

@NNPCgroup informed that it has over 1bln litres of petrol in stock while imports of 48 vessels of 50mln ltrs each have been committed for April 2019 alone, noting that there was no need for panic buying or hoarding of petroleum products in anticipation of a phantom scarcity.

The @NNPCgroup Spokesman said the pump price of petrol remains N145 per litre.

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1 COMMENT

  1. […] Ughamadu, NNPC’s group general manager, group public affairs division, had on Thursday issued a statement saying that the tale on fuel scarcity was fabricated by mischief makers with intent to create undue panic […]

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