The Nigerian National Petroleum Corporation
(NNPC) Thursday debunked media reports of an imminent scarcity of fuel supply
in the country.
Responding to media reports linking the delay to
the release of petroleum products import permit for the first quarter of 2014
by the Petroleum Products Pricing Regulatory Agency (PPPRA) as possible reasons
for the looming fuel supply scarcity, the NNPC in a statement in Abuja stated
that it had adequate stock of petrol in its reservoir.
The statement was signed by the corporation's
acting Group General Manager, Group Public Affairs Division, Dr. Omar Farouk
Ibrahim, who asked members of the public to desist from panic purchase of fuel
as a result of the development.
Ibrahim noted that the NNPC in spite of the
unending challenges posed by pipeline vandalism and product theft has enough
stock of products in its marine reserve and national strategic reserve to ensure
that the country is supplied with adequate petroleum products round the clock.
He further cautioned members of the public
against any form of hoarding or panic buying of petroleum products in
anticipation of scarcity.
The Major Oil Marketers Association of Nigeria
(MOMAN) had recently notified that the reluctance of the PPPRA to release
import permits for the new period was causing a lot of panic in the market,
adding that a possible fuel scarcity could be underway with such delay.
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