No Need for Panic Buying of PMS — NNPC Cautions

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The Nigerian National Petroleum corporation (NNPC) has cautioned motorists not to engage in panic buying of Premium Motor Spirit (PMS) also known as petrol, assuring consumers of normalcy in the supply of petroleum products.

The Group General Manager, Group Public Affairs Division, Dr Kennie Obateru, who disclosed this on Monday explained that the long queues being experienced in some fuel stations were due to the curfew imposed in some states over the EndSARS protests.

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Obateru said that the curfew affected the free movement of vehicles for the supply of products, but assured of 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.

[Also Read] PPPRA goes for market-force-driven price, removes price cap on petrol

“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,” he said.

By Peace Obi

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