Stop Panic Buying, We Have 45-day Oil Consumption In Stock— NNPC Tells Nigerians

The management of the Nigerian National Petroleum Corporation, (NNPC) has assured that there is adequate petroleum products and advised that people should not embark on panic buying.

A statement signed by Alhaji Garba Deen Muhammad, Group General Manager, Group Public Affairs division, on Friday in Abuja, said the Corporation had commenced talks with the leadership of the industrial unions to address their grievances.

“The Corporation has in stock enough products to satisfy local consumption requirements for the next 45 days.

“There is no need for motorists and other users of petroleum products to embark on frenzied wholesale purchase of fuel in anticipation of scarcity,” it said .

It assured that the corporation was doing everything possible to guarantee that the prevailing sanity in the supply and distribution of petroleum products across the country which was achieved with the recent downstream liberation policy was sustained.

PENGASSAN had threatened to embark on a nationwide strike beginning from July 7 over some issues, including the alleged mass sacking of its members by various oil and gas companies.