The Nigerian National Petroleum Corporation has released 33 million litres of Petroleum Motor Spirit from its strategic reserves to marketers supplying fuel stations in Lagos.
The move was orchestrated in an attempt to relieve Lagosians from the burden the fuel scarcity is causing on their everyday lives.
Acting Group General Manager, Group Public Affairs Division of the Corporation, Dr. Omar Farouk Ibrahim stated in a statement that the extra volume of 25, 000 metric tonnes of fuel, the equivalent of 33 million litres of petrol was supplied to the marketers as part of measures by the oil giant to end the artificially- induced scarcity.
“While we intensify our ongoing direct monitoring of fuel stations across Lagos and its environs, we are providing the extra volume of product to eliminate the noticeable queues arising from the induced scarcity,’’ Dr. Ibrahim stated.
The NNPC appealed to marketers and members of the public to refrain from hoarding and panic buying.