The Nigerian National Petroleum Company Ltd, NNPC, says it is working with its marketing partners to take necessary measures to ramp up load outs of Premium Motor Spirit (PMS) also known as petrol from all depots to clear the recent fuel queues in the Federal Capital Territory.
The NNPC in a statement on Sunday while reacting to the re-appearing fuel queues said that the recent queues in Abuja is likely caused by low load outs at depots which usually happens during long public holidays.
Reacting to mild queues in the Federal Capital, they said, “The NNPC Ltd notes the sudden appearance of fuel queues in parts of Abuja. This is very likely due to low loadouts at depots which usually happen during long public holidays, in this case, the Sallah celebrations. Another contributing factor to the sudden appearances of queues is the increased fuel purchases which is also usual with returning residents of the FCT from the public holiday.”
NNPC disclosed that the Nigerian Midstream and Downstream Petroleum Regulatory Authority in conjunction with its marketing partners have taken necessary measures to ramp up loadouts from all depots.
“We assure all residents of the FCT, and indeed all Nigerians, that we have ample local supplies and national stock in excess of 2.5 billion litres, with sufficiency of more than 43 days. The NNPC Ltd hereby advises motorists not to engage in panic buying as supplies are adequate as will become increasingly evident in the coming days,” the statement said.
Nairametrics