Africa Business Radio
Nigerians Cautioned Against Artificial Fuel Scarcity
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:01:04
- More information
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Synopsis
The Nigerian National Petroleum Corporation has cautioned members of the public against engaging in panic buying of petrol, stressing that the national oil company has over 1.7 billion litres of the product in stock. A statement by the NNPC Spokesman, Mr Garba Muhammad, reiterated that the corporation was also not aware of any plan by the government to cause an increase in the pump price of petroleum. The NNPC stated that more product was expected to arrive in the country daily over the coming weeks and months, insisting that it was therefore unnecessary to entertain any fear of scarcity of petrol throughout the festive season and beyond. The NNPC says it was engaging all stakeholders to ensure smooth supply and distribution of products to every part of the country during the festive season and beyond.