BREAKING: NNPCL allays fears of fuel scarcity

The Nigerian National Petroleum Company Limited, NNPCL, has allayed fears of fuel scarcity due to the emergence of queues in some parts of the country.

 

NNPCL disclosed this in a statement signed by the company’s retail subsidiary and posted on its official X handle on Thursday.

 

The company attributed the re-emergence of queues in Lagos and some parts of the Federal Capital Territory to reduced depot loadout in Apapa, Lagos, in the past few days.

 

Meanwhile, NNPCL explained that the issue had been addressed, noting that it has sufficient petrol for 30 days.

 

The company advised motorists to avoid panic buying as the distribution of the product would normalize in days.

 

“NNPC Retail Ltd. notes the appearance of fuel queues in some parts of Lagos and a few other locations around the country.

 

“This is due to reduced depot loadout in Apapa, Lagos, over a few days, and the root cause has since been addressed.

 

“We assure all Nigerians that there is ample supply with a sufficiency of at least 30 days. Motorists are advised to desist from panic buying as distribution will normalize over the next few days,” the statement said.

 

Recalled that fuel queues surfaced in Lagos and some parts of Abuja on Wednesday, causing panic among motorists.

 

 

The Federal Government had in June removed fuel subsidy, leading to a hike in the petrol pump price to over 617/per litre.