Fuel pump

The Nigerian National Petroleum Corporation (NNPC) says there is no need for panic buying of petroleum products by motorists and the public, assuring that there is enough fuel in the country.

Ndu Ughamadu, the corporation’s spokesperson disclosed this in a statement issued in Abuja, on Friday.

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This is coming after reports of an ultimatum issued by the Nigeria Union of Petroleum and Natural Gas Workers over a purported intervention by an arm of the security agencies in what the union viewed as purely labour matters involving a company and its workers in Delta State.

According to the statement, the corporation’s Group Managing Director, Maikanti Baru and his Management team, were engaging the parties involved, saying the parties are close to resolving the issues.

Ughamadu in the statement advised motorists and other consumers of petroleum products not to engage in panic buying as the NNPC Management was close to reaching an amicable resolution of the challenge.

NNPC assured that the corporation had adequate storage of petroleum products across the country and advised that they should not entertain any fear of petroleum shortages