Fuel scarcity: NNPC tells Nigerians to stop panic buying

by AljazirahNigeria | December 7, 2017 2:22 am

The Nigerian National Petroleum Corporation (NNPC) has urged fuel consumers across the country to desist from panic buying, assuring that it has enough stock to meet the needs of consumers.

Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, who confirmed this in a statement yesterday, said the ex-depot price of N133.38 per litre and the pump price of N143/N145 per litre of Premium Motor Spirit (petrol) have not changed, hence there was no need for panic buying.

The Guardian’s investigations yesterday revealed that a significant number of filling stations in Lagos metropolis have no stock, while others were rationing the product.

The situation led to long queues and unethical bargaining with dealers by consumers leading to obstructing traffic thereby causing gridlock for road users and attendant pains and disappointments.

Stations monitored include Mobil at Isolo, Al-Mourof, Total (Agege), Pinnacle, Petroleum Manager, Wheel Oil among others.

Some commercial bus operators are already taking advantage of the situation to indiscriminately hike fares by as mush as 50 per cent.

Meanwhile, the Group Managing Director of the NNPC, Maikanti Kacalla Baru, made an emergency return from London yesterday in a bid to salvage the fuel supply and distribution challenges.

Baru, who was billed to receive the Forbes Oil & Gas Man of the Year Award 2017 in the British Capital on Tuesday, flew back home to attend to what he described as a “matter of urgent national importance.”

Meanwhile, the Senate Committee on Petroleum Downstream yesterday summoned Baru, to appear before it on Thursday, December 7, having failed to appear before it yesterday. It also announced plans to commence nationwide inspection of filling stations over fuel scarcity in the country.

Guardian

Nigerian Online Newspaper=

WhatsApp

follow us on twitter @aljazirahnewsng[1]
Like us on Facebook @aljazirahnewsng[2]

Share This:

Related Posts

Nigerian Military Faults Amnesty International’s Report By Chidozie Ogbonnaya Accuses AI of spreading falsehood In defence of damning report released by Amnesty International ,AI, the Nigerian military has accused International human rights body of deliberately attempting to weaken its effort towards ensuring peace and security in the country. ...
Plateau creates six new ministries Governor Simon Lalong of Plateau has created six additional ministries to the 17 ministries in the state,  bringing the total to 23. Five of the ministries were carved out from the existing ones. Rufus Bature, Secretary to the Government of Plateau, announced the creation of the new ministries...
Al-Makura cautions leaders against hate speech Gov. Umaru Al-Makura of Nasarawa state has urged religious, community and opinion leaders to caution their followers against hate speeches capable of breaching the peace in the country. Al-Makura made the call on Saturday in Lafia while donating operational vehicles to security agencies in the st...
Confusion in Anambra as teacher marries sister A mathematics teacher in a secondary school in the Aguata Local Government Area of Anambra State, Chiadikobi Ezeibekwe, has married his 17-year-old sister, claiming that God told him to do so. Speaking with our correspondent on Saturday, Ezeibekwe said he had a revelation where God told him to ma...
School Feeding: FG Redeems Pledge In Bauchi BY ALHASSAN MUHAMMAD, BAUCHI The Federal Government Support Feeding Programme Initiative Implemented by the present administration of President Muhammadu Buhari in the country has no doubt received an arousing and overwhelming cheering from all nook and corners of Bauchi state. For instance...
Sentiments, Media Trials Are Bane Of Buhari’s Anti-Corruptio... Chidozie Ogbonnaya with agency report Former Vice President Atiku Abubakar on Friday weighed into the recent assessment of Transparency International on Nigeria's rising corruption index, saying the President Muhammadu Buhari’s war against corruption will not be won by “sentiments” and “media tri...
Nigerian Air Force Trains 500 Personnel In Six Months THE Nigerian Air Force has said it trained over 500 personnel of its special forces in asymmetric warfare in the past six months. The disclosure came as it graduated another batch of Special Forces personnel comprising officers, airmen and airwomen, from its Regiment Training Centre, RTC in Kadun...
Buhari’s Return In 2019 Will End In Tragedy, Says Junaid Moh... Reward For Failure, Nepotism Bane Of This Government... Kano-based politician, Dr. Junaid Mohammed again exposes the ills in the government of Muhammadu Buhari, and why he must not be returned in 2019. ADAMU ABUH reports. What do you think of the clamour for a second term for President Buhari in...
N2Bn Libel Suit: Shehu Sani Lampoons El-Rufai For Unethical ... Urge Him To Obey Pending Courts Judgments Senator Shehu Sani's lawyer, Barr. Kayode Ajulo on Friday described the conduct of Governor Nasir el-Rufai's legal team as unethical. This came in response to the 2 billion naira libel suit slammed on his client by the Kaduna state governor. In a s...
Parents Of Abducted Dapchi Schoolgirls To Join BBOG Campaign Parents of schoolgirls recently abducted in Dapchi town of Yobe State plan to join the Bring Back Our Girls movement that gained global prominence in a bid to win freedom for their girls. This was revealed by one of the  Dapchi village leader said on Friday By Chidozie Ogbonnaya The dreaded Islami...
Gov Lalong Creates 6 New Ministries In Plateau Gov Simon Lalong of Plateau has created six additional ministries to the 17 ministries in the state,  bringing the total to 23. Five of the ministries were carved out from the existing ones. Mr Rufus Bature, Secretary to the Government of Plateau, announced the creation of the new ministries in a...
Supreme Court orders INEC to delineate Bakassi Council The Supreme Court yesterday ordered the Independent National Electoral Commission (INEC) to delineate wards in Bakassi Council of Cross River State so as to give the people a sense of belonging. Delivering judgment on an appeal brought by the INEC against representatives of Bakassi Council, who w...
Dapchi abduction: British military willing to assist –... The General Advisor, British Military Advisory and Training Team (BMATT) in Nigeria, Major Ian Robertson, while condemning the attack and abduction of scores of students of Government Girls Secondary School (GGSS), Dapchi in Yobe State by suspected Boko Haram insurgents, yesterday, pledged the willi...
Endnotes:
  1. @aljazirahnewsng: https://twitter.com/AljazirahnewsNG
  2. @aljazirahnewsng: https://web.facebook.com/aljazirahnewsng

Source URL: http://aljazirahnews.com/fuel-scarcity-nnpc-tells-nigerians-stop-panic-buying/