The
management of the Nigerian National Petroleum Corporation and its
downstream subsidiary, the Pipelines and Products Marketing Company,
have said the country has over 32 days ample stock of petroleum products
available for supply during the yuletide and beyond.
The corporation noted that the petroleum market was robust with
premium motor spirit also known and enjoined motorists in Lagos and its
environs not to engage in panic buying.
The NNPC, in a statement, said the noticeable queues in some filling
stations in Lagos were attributable to panic buying caused by reduced
truck-out of PMS from oil marketing companies' depots in the Apapa area
of Lagos due to the gridlock created by the ongoing road construction in
the vicinity.
The corporation urged Marketers affected by the Apapa road
construction to load their petroleum products from its inland depot in
Mosimi so as to support the "zero tolerance to fuel queues" policy
across the country.
It appealed to marketers to immediately commence loading from the PPMC Mosimi depot to cover for the shortfall from Apapa.
The corporation also advised marketers to desist from hoarding or
diversion of petroleum products as any marketer caught in the nefarious
act would be sanctioned.
The NNPC called on the general public to avoid panic buying of
petroleum products as adequate measures had been put in place to wet the
country with PMS in order to ensure hitch free transportation of goods
and services during the yuletide period and beyond.
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