The Nigeria National Petroleum Corporation (NNPC) Limited yesterday advised consumers not to engage in panic buying of Premium Motor Spirit (PMS) as it has over 1.7 billion litres of the product.
Its Group General Manager, Group Public Affairs Division, Malam Garba Deen Muhammad, made this known in a statement.
He said: “The public is hereby advised not to engage in panic buying of Premium Motor Spirit, more commonly known as petrol.
“The NNPC has over 1.7 billion litres of petrol in stock and more product is expected to arrive into the country daily over the coming weeks and months.
“It is, therefore, unnecessary to entertain any fear of scarcity of petrol throughout the festive season and beyond.