PETROL SCARCITY – NNPC Issues Statement to Nigerians Regarding Fuel Shortage, Offers Advice

NNPC Limited reassures Nigerians of ample petrol supply, with over 1.5 billion liters in stock, enough for the next 30 days....READ FULL ARTICLE

The company urges people to stop panic buying and dismisses rumors of a fuel price hike. NNPC confirms improvements in fuel distribution, noting that queues at filling stations are diminishing across various states, including Lagos and the FCT.

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The statement emphasizes collaboration with regulatory agencies, labor unions, and security forces to address hoarding and ensure fair practices.

Additionally, it highlights the challenges posed by rising petrol landing costs amid Nigeria’s foreign exchange crisis, with analysts suggesting ongoing government subsidies to alleviate hardships.…READ FULL ARTICLE

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