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Avoid panic-buying of petrol, regulatory authority urges Nigerians

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has appealed to Nigerians not to engage in panic-buying of premium motor spirit, popularly known as petrol, saying it has enough in stock.

The Chief Executive Officer, NMDPRA, Farouk Ahmed, confirmed this to the News Agency of Nigeria in Lagos on Tuesday.

Ahmed said he had checked with the Major Oil Marketers Association of Nigeria and Nigeria National Petroleum Company Ltd. on the level of fuel stock and confirmed that they had sufficient stock.

“I spoke with the MOMAN’S Executive Secretary this morning and he told me they have sufficient stock.

“I have directed them to start evacuating the product immediately to filling stations.

Ahmed assured that there was enough fuel and, therefore, appealed to members of the public to avoid panic-buying as all efforts were being made to resolve shortage in some filling stations in Lagos and its environs.


 

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