Friday, 31 January 2014

Reports of Fuel Scarcity are False – NNPC

The Nigerian National Petroleum Corporation (NNPC) yesterday told the public to stay calm and dismissed reports of a looming fuel scarcity.

Omar Ibrahim, NNPC’s General Manager for the Public Affairs Division said in a statement read out in Abuja yesterday that there was enough petroleum in the reserves to last a long time, despite the high incidences of pipeline vandalism and theft.

"What the corporation has in stock is enough to make the country remain wet with petroleum products round the clock," he said.

Ibrahim also warned against panic buying and hoarding of petrol in anticipation of scarcity.

There were fears of a fuel scarcity due to the Federal Government’s inability to pay N220bn owed to oil marketers for 2013.

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