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NNPC Assures Of Supplies, Warns Against Panic Buying In Abuja


The Nigerian National Petroleum Corporation (NNPC) has assured residents of Abuja against panic buying of fuel, assuring that the agency has adequate supply despite the resurgence of queues in the city. 

 

It explained the appearance of fuel queues in parts of Abuja is very likely due to low load outs at depots which usually happen during long public holidays.

 

The statement added that the increased fuel purchases which are also usual with returning residents of the FCT from the public holidays.

 

The recent development is coming a few months after fuel queues resurfaced in the country due to the importation of bad fuel into Nigeria.

 

Lawmakers had then initiated a probe into the matter as calls came for those found guilty to be punished.  

 

The House of Representatives had then called on the NNPC to suspend the companies involved in the importation.

 

In April, the lower chamber said nobody would be sanctioned over the supply of the adulterated product.

 

This was after it considered and adopted the reviewed report on the investigation by its Committee on Petroleum Resources (Downstream) which exonerated both the NNPC and the suppliers in the Direct Sale-Direct Purchase deal between the Federal Government and the importers.

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