BREAKING NEWS – NNPC Sends Message to Nigerians as Filling Stations Sell One Litre of Fuel at New Price

The Nigerian National Petroleum Company (NNPC) Limited has provided an explanation for the current scarcity of premium motor spirit (PMS), otherwise known as petrol, in some parts of the country....READ FULL ARTICLE

Legit.ng reported that there were long queues in many filling stations across the Federal Capital Territory, Nasarawa, Niger, Gombe, Sokoto, Kaduna, and Anambra states, leaving thousands of commuters stuck.

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It was more challenging for Kaduna motorists, who were forced to buy the product from black marketers for as high as N1,100 per litre. While some filling stations dispensing the products adjusted their pump price to between N750 and N810 per litre.

In response, Olufemi Soneye, NNPCL’s Chief Corporate Communications Officer, attributed the scarcity to logistical challenges, Punch reports.

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However, he assured that the matter has been addressed and encouraged motorists to refrain from panic buying. Soneye emphasised that the national oil company, serving as the sole importer of petrol, possesses an ample supply to meet demand.

He said;

“The NNPC Ltd wishes to clarify that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is a result of logistics issues and that they have been resolved.

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“It also wishes to reiterate that the prices of petroleum products are not changing. It urges Nigerians to avoid panic buying, as there are sufficient products in the country.”...READ FULL ARTICLE

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