nnpc

By Concise News Correspondents

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The Nigerian National Petroleum Corporation (NNPC) says it has no plan to increase its petrol price, as it has advised Nigerians to shun panic buying.

The country’s national oil firm further assured motorists and other users that there was enough supply in stock.

It made this known in a statement obtained by Concise News.

”The Corporation has 1.3 billion litres stock of PMS, otherwise called petrol, which is sufficient to serve the nation for more than 38 days.

”This plea comes on the heels of reports that some motorists have begun panic buying of petrol, following rumours that the government is about to increase the pump price of the white product from N145 per litre.

”NNPC wishes to assure Nigerians that there is no iota of truth in the rumour that government is scheduled to adjust pump price of petrol.

”Indeed, with the resumption of production by the Corporation’s three refineries in Kaduna, Port Harcourt and Warri, complemented by imports, there is enough stock of petrol‎, diesel and kerosene,” the statement reads.

The company further recalled that this point was explained on Tuesday when its Chief Operating Officer, Refineries, Anibor Kragha briefed the Senate Committee on Petroleum Downstream in a presentation on the current status of the refineries.

”In the presentation, Kragha told the legislators that the nation’s three refineries produced additional volumes of 4.6 million litres of kerosene and 7.7 million litres of diesel.

”This is in addition to millions of litres of petrol being refined daily at the nation’s refineries.

”The assurances of availability of stock by the NNPC Chief Operation Officer of the Refineries still stands,” he said.