NNPC cautions against panic buying of fuel, as dialogue opens with PENGASSAN

Jul 8 2016 - 8:33pm
Fuel queues (file photo)

Fuel queues (file photo)

The Management of the Nigerian National Petroleum Corporation, NNPC on Friday cautioned members of the public from embarking on any form of panic purchase of petroleum products in anticipation of product scarcity due to the ongoing strike action by members of the Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN.

The NNPC in a release signed by Garba Deen Muhammad, Group General Manager, Group Public Affairs Division, NNPC, stated that while the Corporation has commenced talks with the leadership of the industry Unions to address their grievances, the Corporation has in stock enough products to satisfy local consumption requirements for the next 45 days noting that there is no need for motorists and other users of petroleum products to embark on frenzied wholesale purchase of fuel in anticipation of scarcity.

The Corporation assured that it is doing everything possible to guarantee that the prevailing sanity in the supply and distribution of petroleum products across the country which was achieved with the recent downstream liberation policy is sustained.

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