The Nigerian National Petroleum Corporation (NNPC) has described reports of looming fuel scarcity as “tales fabricated by mischief makers with intent to create undue panic in the prevailing sanity in the fuel supply and distribution matrix across the country”.
The corporation disclosed this in a Thursday statement signed by its spokesman, Ndu Ughamadu.
“The Nigerian National Petroleum Corporation (NNPC) 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 statement further read.
NNPC said it has stock of stock of over one billion litres of petrol, with over two billion litres secured for April through imports of 48 vessels with each having a capacity of 50 million litres of petrol.
The corporation said there was no need for panic buying or hoarding as there was no chance of fuel scarcity in the country.
In the same vein, Group Managing Director of the corporation, Mr Maikanti Baru, assured Nigerians that the Easter period would be fuel scarcity-free.
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Baru gave the assurance on Thursday in Enugu at the ongoing 30th Enugu International Trade Fair.
Baru said that the NNPC would provide petroleum products to all parts of the country.
He said that no fewer than 55 depots across the country were fully stocked with petroleum products, including Premium Motor Spirit (PMS).
“To make the Easter holidays pleasurable, the NNPC has put all the necessary arrangements in place to berth two vessels of 50 million litres of petrol daily.
“I caution depot owners or terminal operators against selling petrol above the official ex-depot price of N133.28k per litre.
“Consumers of the product should be informed that the price of petrol in the country remains N145 per litre,” he said.
Baru warned that any station that sold the product above the regulated price would be reported to the Department of Petroleum Resources (DPR).