The article is on Petrol Prices not changing – NNPCL explain reason for scarcity and the tightness in the supply of Premium Motor Spirit currently being across the country.
The Nigerian National Petroleum Corporation Limited, NNPCL, on Thursday insisted that the prices of petroleum products are not changing. NNPCL disclosed this in a statement issued by its Chief Corporate Communications Officer, Olufemi Soneye. He, however, assured that the issue has been resolved and also blamed logistic issues for the tightness in the supply of fuel in some parts of Nigeria. Soneye urged Nigerians to avoid panic buying as there is a sufficiency of products in the country.
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The statement read in part: “NNPC Ltd says cause of tightness in fuel supply resolved. “The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is as a result of logistics issues and that they have been resolved. “It also wishes to reiterate that the prices of petroleum products are not changing. “It urges Nigerians to avoid panic buying as there is a sufficiency of products in the country.”
On March 24, the NNPC denied adjusting the pump price of petrol across its retail outlets. This came after the organization had promised Nigerians that there would not be any increase in the cost of petrol on February 9. The NNPC also reaffirmed its commitment to sustaining the current sufficiency in the supply of petroleum products across all its retail stations in the country.