Oil & GasTop Story

NNPC says no looming fuel scarcity

849

The Nigerian National Petroleum Corporation (NNPC) Thursday appealed to Nigerians to disregard trending social media report of an impending fuel scarcity due to purported refusal by some oil marketers to lift products from depots.

” The tale was fabricated by mischief makers with intent to create undue panic in the prevailing sanity in the fuel supply and distribution matrix across the country, says Group General Manager, Group Public Affairs Division, Ndu Ughamadu, in a statement.

NNPC informed that it has over 1billion litres of petrol in stock while imports of 48 vessels of 50million litres each have been committed for the month of April 2019 alone noting that there was no need for panic buying or hoarding of petroleum products in anticipation of a phantom scarcity.

Leave a comment

Related Articles

Nigeria’s Power Minister Leads Delegation to Japan for Energy Collaboration Talks

By Joycelyn Ellakeche Adah The Minister of Power, Dr. Adebayo Adelabu along...

Gov. Adeleke stands firm, vows to conduct council polls despite AGF’s objections

Despite a directive from Attorney-General of the Federation (AGF) and Minister of...

Fire at Cawthorne Channel 1 Barges: NNPCL Emergency Team Swiftly Contains Outbreak, No Casualties

A swift response by the Nigerian National Petroleum Company Limited (NNPCL) emergency...

Nigeria’s Central Bank Holds Interest Rate Steady at 27.50%

The Central Bank of Nigeria (CBN) has decided to hold all parameters...

32 years after, Babangida finally admits Abiola won June 12 presidential poll in new memoir

In a shocking admission, Nigeria’s former Head of State, retired General Ibrahim...

Dispute Over Seating Arrangement Creates Tension in Senate, Pits Akpoti-Uduaghan Against Leadership

Tensions flared in the Senate on Thursday as Senator Natasha Akpoti-Uduaghan clashed...

US Ambassador to Nigeria, Richard Mills, denies USAID funding of Boko Haram

In a bid to clear its name, the United States has denied...

Local Refineries Meet Half of Nigeria’s Fuel Demand in February, Says NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has clarified that...

USAID terrorism financing allegations: Senate summons security chiefs

Amid the swirling controversy surrounding US Congressman Perry Scott’s allegations that the...

Microsoft Invests $1m in Nigeria’s AI Ecosystem, Targets 1 Million Nigerians for Training

In a significant boost to Nigeria’s Artificial Intelligence (AI) ecosystem, tech giant,...

Pres.Tinubu Pays Tribute to Late Clark, Hailing Him as Courageous Leader

President Bola Tinubu has expressed deep sadness over the passing away of...

Just in: Renowned Nigerian Statesman Edwin Clark Passes Away at 97

Chief Edwin Kiagbodo Clark, a prominent Nigerian statesman and leader of the...

FG to US: Adhere to established protocols in deporting 85 Nigerians

By Daniel Okejeme with agency report As the gale of deportation continues...

Nigeria’s Oil Production Rebounds as Theft Drops to 5,000bpd – NUPRC

Nigeria’s oil production has increased to 1.75 million barrels per day as...

Angolan President João Lourenço Takes Helm as African Union Chairperson

Angolan President João Lourenço has been elected as the new chairperson of...

Anambra accident: Cement-laden truck crashes into building, leaving five dead, others injured

A tragic accident occurred at the Area Command Bus Stop in Nnewi,...

NNPCL Dismisses Social Media Video Alleging Dispensing Poor Fuel Quality

The Nigerian National Petroleum Company Limited (NNPC Ltd) has issued a strong...

Just in: Afenifere leader, 96-year-old Ayo Adebanjo exits

Pa Ayo Adebanjo, leader of Afenifere, a pan-Yoruba socio-cultural organization, has died...

FG Launches ‘Power Rangers’ to Protect Power Installations

Nigeria’s Minister of Interior Olubunmi Tunji-Ojo has announced the inauguration of a...

Breaking: National Assembly passes 54.9trn 2025 budget

The National Assembly has approved a record-breaking N54.9 trillion federal government’s budget...