27 Jan NNPC warns against panic buying as Long fuel queues surface in Abuja
Fuel queues returned to filling stations in Abuja on Wednesday despite the federal government’s assurance that it will no longer remove fuel subsidy this year as it earlier planned.
The queues started Tuesday morning and continued through Wednesday. Many filling stations in Jabi, Wuse and Lugbe areas of the city sold the product at prices ranging from N162 to N165.
Black marketers were also seen hawking the product in jerry cans to interested motorists and other consumers along Lugbe and Kubuwa axis.
The queues are strange because of the Federal Government’s reversal of its plan to remove subsidy.
On Tuesday, the Nigeria Labour Congress (NLC) announced it had suspended its proposed nationwide protest action over petrol subsidy removal.
The Nigerian National Petroleum Company Limited (NNPC) in a statement by its Group General Manager, Group Public Affairs Division, Garba Deen The corporation said it has sufficient petrol stock to meet the needs of Nigerians.
NNPC in a statement said, “Please do not panic, NNPC Ltd wishes to assure the public that the Company has sufficient PMS stock to meet the needs of Nigerians.
“The public is therefore advised not to engage in panic buying of petrol and to ignore all rumors that may suggest otherwise.
“In line with the existing laws of the land, NNPC Ltd is deeply committed to ensuring energy security for the country,” it said.
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