Entertaiment

NNPC Attributes Fuel Queue To Panic Buying, Dismisses Fuel Price Hike

NNPC Attributes Fuel Queue To Panic Buying, Dismisses Fuel Price Hike

Queues piled up at for petrol stations on Tuesday in Nigeria's major cities, including Abuja, Lagos and Kano in spite of assurances of adequate supplies.The Nigeria National Petroleum Corporation (NNPC) had assured Nigerians of adequate fuel supply in all parts of the country and restated that there was no plan to increase the pump price of petrol.

Fuel scarcity is fast spreading across the states resulting in long queues at filling stations, even as the price of the commodity soared to between N160 - N180 per litre, Daily Trust findings revealed.

The FEC meeting which held in President Muhammadu Buhari's absence was presided over by Vice President Yemi Osinbajo.

The Nigerian National Petroleum Cor por at i o n (NNPC) has denied plans to hike price of Petroleum Motor Spirit (PMS) also known as petrol above N145 per litre during this Yuletide.

NNPC spokesperson, Mr Ndu Ughamadu, in a statement, urged Nigerians to stop panic buying, reiterating that there was enough fuel in the nation's depots.

Warren Moon requests leave of absence from Seahawks radio broadcast
The lawsuit also alleges that Moon grabbed Haskell's crotch while she was sleeping during a business trip in Seattle. Once named NFL's Walter Payton Man of the Year, Moon's reputation has since taken a major hit.

As at 1p.m. yesterday when THISDAY concluded its round of visits to service stations in Maitama, Wuse, Jabi, along Kubwa Expressway and Nyanya axis, vehicular queues had built up, but the stations were dispensing at the official pump price of N143 to N145 per litre. We are hoping and believing that when they resume production, we will be able to get products from their and distribute to all our outlets, " he said.

"In a bid to salvage the fuel supply and distribution challenges witnessed in some parts of the country due to panic buying from motorists, the Group Managing Director of the NNPC, Dr. Maikanti Baru, cut short his trip to London. We have said times without number that NNPC has sufficient products to cater for the needs of all consumers", Baru said in the statement.

It said he had ordered more petroleum products to be dispatched nationwide "to cushion the effects of excessive demand caused by panic buying" before travelling to Britain. "We at PMB's Oil and Gas Progress commend Baru for the step he has taken", he said.

"Unfortunately he wrote informing us of his inability to honour the invitation".


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