NNPC Warns Consumers against Panic Buying of Petrol

By Modupe Gbadeyanka

Consumers of petroleum products across the country have been warned by the Nigerian National Petroleum Corporation (NNPC) not to engage in panic buying as a result of the fire incident which occurred in the wee hours of Saturday, July 15 at a tank farm at Calabar Free Trade Zone (CFTZ), in Cross Rivers State.

In a statement issued on Monday, the agency assured “that the unfortunate fire incident at a private tank farm had not affected its operations.”

NNPC noted that its stock holding was still very robust.

“NNPC has over 40 day-sufficiency for petrol, and adequate volumes of diesel and kerosene to meet consumers’ demand nationwide, therefore it is pointless to engage in panic buying,” the statement said.

NNPC Group Managing Director, Dr. Maikanti Baru, who received briefs on the incidents, expressed regrets over the unfortunate loss of life in the inferno.

The GMD consoled the families of those who lost their loved ones in the incident, advising communities in areas of Oil and Gas operations to always exercise caution and be vigilant at all times.