NNPC cautions against panic buying of petrol

NNPC cautions against panic buying of petrol

The Nigerian National Petroleum corporation (NNPC) has cautioned motorists not to engage in panic buying of Premium Motor Spirit (PMS) also known as petrol.

Furthermore, it has assured of normalcy in the supply of petroleum products.

The foregoing was disclosed by Dr Kennie Obateru, Group General Manager, Group Public Affairs Division, in Abuja on Monday. He attributed queues currently being experienced to the curfew imposed in some states over the #EndSARS protests.

Obateru noted that the curfew affected the free movement of vehicles for the supply of products. However, he has assured of a return to normalcy in a couple of days.

“The disruptions and curtailment of free flow of vehicular movement occasioned by the EndSARS protests; the attendant curfews, restrictions and vandalism affect the supply situation.

“Normalcy is expected to return to the petroleum products supply chain in the next couple of days.


“There is no need for panic buying. Be rest assured that supply will soon return to the entire country,” the NNPC boss said.

Meanwhile, the Federal Government has once again warned of the risk of a resurgence of COVID-19 infections in Nigeria due to the large gatherings of the #EndSARS protesters and the mayhem that followed.

This was disclosed by Boss Mustapha, Chairman of the Presidential Task Force (PTF) on COVID-19.

Equally important, he made the disclosure at a joint briefing of the Task Force in Abuja on Monday.

“Over the past two weeks, Nigerians have focused attention on two important issues.

“Namely, the protests by youths which has unfortunately metamorphosed into an unprecedented safety and security situation and COVID-19 developments in the country and around the world.

“Both activities are critical to our nation because the security situation impacts negatively on our economy; social life, international reputation and ability to effectively coordinate the national response.

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