Monday, January 19, 2026
26.6 C
Lagos

Again, NNPC Cautions Against Panic Buying, Says 30-Days PMS Sufficiency Intact

As the nationwide supply and distribution of Premium Motor Spirit (PMS), also known as petrol, continue to improve, the Nigerian National Petroleum Company (NNPC) Limited has once again called on motorists to shun panic buying of the product.

In filling stations monitored across several states, including Lagos and the FCT, the queues have since thinned out, a development that will keep improving daily in other States.

The company wishes to state that at the moment, it has over 1.5 billion litres stock of PMS, which is equivalent to over 30 days sufficiency.

The NNPC is also collaborating with relevant downstream agencies, such as the Nigeran Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), labour unions in the sector and security operatives to address hoarding and other unwholesome practices.

spot_img
spot_img
spot_img

Hot this week

Kano Massacre: The Menace of Hard Drugs, Intervention Campaign by NDLEA

By Mahmud Isa Yola On the noon of Saturday, I...

Repton Group Wins 2025 Dangote Cement Largest Distributor Award

…in Nigeria, Sub-Saharan Africa By Goke Ilesanmi L-R: Alhaji Aliko...

Royal Exchange CEO: Recapitalisation Will Reposition Insurance Sector, Support $1tn Economy Goal

Mrs. Idu Okeahialam, Group Managing Director/CEO, Royal Exchange Plc,...

State Police and the Questions Nigeria Can No Longer Avoid

By Tosin Osasona Nigeria’s post-1999 democratic era has coincided with...

NESG Hosts 2026 Macroeconomic Outlook, Highlights Growth Prospects, Reform Consolidation

L-R: Mr. Omoboyede Olusanya, Vice Chairman II, Nigerian Economic...

Topics

Min of Niger Delta Affairs: How Far Can Umana Go?

By Haniel Ukpaukure Umana Okon Umana, Minister in charge of...

Senate Expresses of Commitment for Speedy Amendment NDIC Act

The Senate Committee on Banking, Insurance and Other Financial...

Flutterwave Re-brands, Looks Beyond Payments

Flutterwave, the leading technology company, has unveiled a significant...

CBN: Banks Must Resolve USSD Disputes in 3 Days

The Central Bank of Nigeria (CBN) has directed all...

Unity Bank Posts N27B Gross Earnings in H1’22, Records 23% Growth in PAT

From left: Dr Oluwafunsho Obasanjo, Non-Executive Director; Mr. Alaba...

GE Africa CEO Wins Princeton in Africa Award

Jay Ireland, CEO & President of GE Africa was...

MTN Settles NCC Fine with N330bn, To List on NSE

MTN Nigeria and the Nigeria Communications Commission (NCC) have...

African Leaders Reaffirm Support for Afdb as Adesina Begins 2nd Term

  African leaders have reaffirmed their support for the African...
spot_img

Related Articles

Popular Categories

spot_imgspot_img