Saturday, July 27, 2024
24.4 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

Hot this week

Moniepoint Strengthens Efforts to Broaden Financial Access Through Collaborative Initiatives

Africa’s fastest growing financial institution according to the Financial...

ITU Ranks Nigeria High in Digital Transformation Readiness

A new report of the International Telecommunication Union (ITU),...

Stanbic IBTC Empowers 200 Nigerian Future Leaders Through Transformative Scholarship Programme

Following its successful launch in 2019, with the selection...

NCDMB Holds Retreat with Senate Committee on Local Content, Seeks Close Collaboration

Cross-section of NCDMB management and members of the Senate...

Insurance, Banking, Telecom CEOs with Highest Media Visibility in Q2, 2024

Inspite of the challenging economic conditions and their adverse...

Topics

Insurance PR Managers Seek Growth Path for Sector

Corporate affairs managers of insurance companies in Nigeria under...

Sanlam, aYo Partner to Provide Affordable Insurance for all Nigerians

L-R: Country Manager, aYo Nigeria, Kayode Odetola; Group Chief...

ITU: COVID-19 Pandemic Worsens Global Digital Divide

More than a year and a half into the...

ISSAN Caution Banks, Other Financial Institutions on Rising Cyber Attacks

The Information Security Society of Africa - Nigeria (ISSAN),...

Global Commercial Aircraft Market to Reach $209bn by 2022

The world commercial aircraft market is expected to reach...

CBN, NDIC, FinTechs Set for 2018 FICAN Conference

The 2018 annual conference of the Finance Correspondents Association...

DBN CEO Lauds Ecobank, AUDA-NEPAD Partnership for MSMEs

Managing Director, Development Bank of Nigeria (DBN), Tony Okpanachi has...

Olam Grains Champions Girls to Achieve their Full Potential

L-R: Mr. Anurag Shukla, Managing Director, Crown Flour Mills...
spot_img

Related Articles

Popular Categories

spot_imgspot_img