1 February 2018

Nigeria: Fuel Crisis - Don't Engage in Panic Buying, NNPC Tells Motorists

The Nigerian National Petroleum Corporation, NNPC, yesterday, warned against panic buying of petroleum products, especially in Abuja and environs, while it allayed fear of an impending strike action by petroleum tanker drivers.

The NNPC, in a statement by its Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, also warned oil marketers against hoarding of the commodity, stating that stringent sanctions would be meted to any individual found sabotaging its efforts to ensure steady supply of petrol.

Ughamadu said, "NNPC wishes to state that the corporation and other relevant government agencies are in consultation with the leadership of the Petroleum Tanker Drivers (PTD), a move that has led to the union's reconsideration of its threat to stop dispatches at some depot earlier today.

"The members of the PTD had this morning threatened to prevent loadings from the depots over portions of Mokwa-Jebba Road which they had considered were in bad state.

"Relevant government agencies have stepped in with a view to addressing the concerns of members of the union.

"NNPC seizes this opportunity to further warn marketers not to hoard products as law enforcement agencies, working with industry regulators, have been detailed to take appropriate measures against any defaulter.

"The corporation assures that there are enough petroleum products to guarantee relief to petroleum products consumers."

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