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With Over 2Billion Litres Of PMS In Stock; No Need For Panic Buying; Group Tells Nigerians

The Integrity Youth Alliance has alleged that some petroleum marketers are planning to create artificial petrol scarcity in the country ahead of the Yuletide, calling on the Nigerian National Petroleum Company Limited to sanction the perpetrators.

The Alliance, in a statement signed by its National Coordinator, Kelvin Adegbenga on Thursday, expressed concern over alleged attempts by some petroleum marketers to hoard over 1 Billion litres of Premium Motor Spirit (PMS), to be sold at exorbitant prices during the festivities.

“From available information obtained from the NNPC, the company said it has over two billion litres of petrol in stock and efforts have been made by the appropriate agency to ensure an all-round supply of petrol across Nigeria, the statement said.

“We wondered why some persons would want to bring hardship upon their Nigerians by sabotaging the efforts of the NNPC Limited at a critical time such as the end of the year.

The Alliance called on the NNPC Limited management to discipline any marketer found guilty of creating artificial scarcity.

It will be recalled Nigerian National Petroleum Company Limited has said there will be no increase in the price of petrol in the country and has cautioned sellers and buyers against hoarding and panic-buying.

The NNPC said this in a statement by its Group General Manager, Group Public Affairs Division, Garba Deen Muhammad, on Tuesday.

The response came amidst reports of a possible increase in the price of petrol that has dominated the public space.

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