NNPC debunks Fuel Scarcity Rumours: ‘We have over 1bn liters of Petro in stock’

Must Read

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...
- Advertisement -

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

The Corporation in a release this evening by its Group General Manager, Group Public Affairs Division, , explained that 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.

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

The Corporation Spokesman said the pump price of petrol remains N145 per litre.

- Advertisement -
NNPC debunks Fuel Scarcity Rumours: ‘We have over 1bn liters of Petro in stock’ - Brand SpurNNPC debunks Fuel Scarcity Rumours: ‘We have over 1bn liters of Petro in stock’ - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NNPC debunks Fuel Scarcity Rumours: ‘We have over 1bn liters of Petro in stock’ - Brand SpurNNPC debunks Fuel Scarcity Rumours: ‘We have over 1bn liters of Petro in stock’ - Brand Spur

Latest News

Okomu Oil Plc: Brighter days ahead

Topline Analysis: CPO production expansion spur Revenue growth OKOMU OIL revenue for 9M-2020 jumped 19.8%y/y to N18.6bn. The increase was...

Presco Plc: In need of balance sheet optimisation

Topline Analysis: Impressive topline The performance of PRESCO 9M-2020 result was quite an impressive one as the macro economic environment bolstered by (Border closure, FX...

Audi further improves the e-tron product line: AC charging with 22 kW of power, greater driving convenience

Faster charging, more convenience behind the wheel – Audi is systematically enhancing its e-tron models. The all-electric SUV and e-tron Sportback SUV coupe are receiving a number...

#LBMM: Official Trailer For Nigeria’s First Cinematic Feature-Length Animated Film Drops

The countdown to Nigeria’s first feature-length animated film with a cinematic release has begun in earnest following the release of the official trailer for the ground-breaking...

Fitch Affirms Seplat at ‘B-‘; Outlook Positive

Fitch Ratings has affirmed Seplat Petroleum Development Company Plc's (Seplat) Long-Term Issuer Default Rating (IDR) at 'B-' with a Positive Outlook. Fitch has also...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -NNPC debunks Fuel Scarcity Rumours: ‘We have over 1bn liters of Petro in stock’ - Brand SpurNNPC debunks Fuel Scarcity Rumours: ‘We have over 1bn liters of Petro in stock’ - Brand Spur