Fuel Queues Back in Abuja, Major Cities in Nigeria
Barely two months after the Federal Government reduced the price of petrol from N97 to N87, queues have hit most filling stations in the Federal Capital Territory (FCT), Abuja and other major cities across the country.
This comes as the Nigerian National Petroleum Corporation (NNPC) attributed the resurfacing of queues to panic buying and hoarding.
A statement by the Group General Manager, Group Public Affairs Division of the NNPC, Ohi Alegbe, Friday said the corporation was doing its best to ensure there is no shortage of the product in the country.
The management of the NNPC subsequently called on members of the public not to engage in panic buying and hoarding of petroleum products, as the corporation is working with all downstream industry stakeholders to eliminate the noticeable artificially induced fuel queues in some fuel stations.
The corporation stated that it has already increased substantially the volume of petroleum products distributed to marketers, stating the NNPC is injecting additional volume of 600, 103.047 metric tonnes of premium motor spirit, the equivalent of 688 million litres of petrol, into the market within the next 48 hours to arrest any shortfall that may have been triggered by the unnecessary fears of an imminent scarcity of product.
More details on Premium Times
This comes as the Nigerian National Petroleum Corporation (NNPC) attributed the resurfacing of queues to panic buying and hoarding.
A statement by the Group General Manager, Group Public Affairs Division of the NNPC, Ohi Alegbe, Friday said the corporation was doing its best to ensure there is no shortage of the product in the country.
The management of the NNPC subsequently called on members of the public not to engage in panic buying and hoarding of petroleum products, as the corporation is working with all downstream industry stakeholders to eliminate the noticeable artificially induced fuel queues in some fuel stations.
The corporation stated that it has already increased substantially the volume of petroleum products distributed to marketers, stating the NNPC is injecting additional volume of 600, 103.047 metric tonnes of premium motor spirit, the equivalent of 688 million litres of petrol, into the market within the next 48 hours to arrest any shortfall that may have been triggered by the unnecessary fears of an imminent scarcity of product.
More details on Premium Times
Fuel Queues Back in Abuja, Major Cities in Nigeria
Reviewed by The Niger Times
on
12:26 pm
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Reviewed by The Niger Times
on
12:26 pm
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