As the nationwide supply and distribution of Premium Motor Spirit, PMS, also known as petrol, continues to improve, the Nigerian National Petroleum Company, Limited, NNPCL, has again cautioned motorists to shun panic buying of the product.
In filling stations monitored across several states, including Lagos and the FCT, the queues have since thinned out, a development that will keep improving daily in other states.
The NNPC said this in a statement by its Chief Corporate Communications Officer, Olufemi Soneye, on Monday noted that the company has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency.
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The NNPC Ltd is also collaborating with relevant downstream agencies, such as the Nigerian Midstream & Downstream Petroleum Regulatory Authority, labour unions in the sector and security operatives to address hoarding and other unwholesome practices.
Recall that fuel scarcity hit major cities across Nigeria in recent weeks, with attendant effects on businesses and households.
This also resulted in a few commercial vehicles increasing their fares in the nation’s capital.
In the wake of the worsening fuel crisis, the NNPCL warned petroleum products consumers against panic buying and hoarding of fuel.
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