Energy

NNPC insists on adequate petrol supply, no plans to increase pump price

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has as soon as once more denied any plans to extend the worth of Premium Motor Spirit (PMS), in any other case referred to as petrol and suggested the general public to not have interaction in panic shopping for of the product.

The NNPC mentioned it was additionally not conscious of any plan by the federal government to trigger a rise within the pump worth of petrol. This disclosure is contained in an announcement issued on Monday and signed by the Group Basic Supervisor, Group Public Affairs Division of NNPC, Garba Muhammad, in Abuja, assuring that the NNPC had over 1.7 billion litres of petrol in inventory.

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In response to NAN, Muhammad mentioned that extra of the product is anticipated to reach into the nation every day over the approaching weeks and months and as such dispelled any concern of shortage of petrol all through the festive season and past.

What the NNPC spokesman is saying

Muhammad mentioned, “The NNPC can be not conscious of any plan by the federal government to trigger a rise within the pump worth of petroleum. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has made that declaration final week.

“In view of those assurances, due to this fact, the NNPC is advising motorists and different customers of petrol to take care of their common sample of the acquisition of petrol with out getting right into a panic scenario that will ship the improper alerts across the nation.’’

The NNPC spokesman additionally revealed that the state-owned oil agency is at the moment participating all stakeholders to make sure a clean provide and distribution of merchandise to each a part of the nation in the course of the festive season and past.

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In case you missed it

Recall that hardly every week in the past, the Group Managing Director of NNPC, Mele Kyari, had throughout an occasion, insisted that there are sufficient provides of petroleum merchandise within the nation, allaying fears of any hitch within the distribution of those merchandise.

The reassurance from the NNPC boss follows media stories of gas shortage and the resurgence of queues in some components of the nation.

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The NNPC, being the only real importer of petrol within the nation has lately sustained the availability of the product throughout the nation thereby eliminating incidents of shortage.

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