“Stop Panic Buying”, NNPC Urges Nigerians


The Nigerian National Petroleum Corporation, NNPC, has urged Nigerians to stop ‘panic buying’ of Premium Motor Spirit, PMS, also known as petrol.

The NNPC was reacting to fears by motorists in some filling stations in Lagos and Abuja that there might soon be a scarcity of the product – a development that has led to the resurgence of long queues in these cities.

“There is enough stock of PMS to serve the needs of Nigerians across the country. NNPC urges motorists to desist from panic buying”, a tweet from the state-owned oil corporation said on Monday morning.

The NNPC further explained that the queues especially noticed in the Federal Capital Territory, FCT, is as a result of restriction of movement in Suleja, Niger State over the weekend following the conduct of rerun elections in the state.