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HomeNewsFG warns against panic-buying, opens up on nationwide fuel scarcity

FG warns against panic-buying, opens up on nationwide fuel scarcity

The federal government has disclosed why there is slight fuel scarcity nationwide.

It stated that the just concluded presidential and National Assembly Elections are the reason for the scarcity.

In a statement on Sunday by the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Engr. Farouk Ahmed, the authority warned Nigerians against panic-buying.

It assured that it is working with stakeholders to address the situation.

“Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, assures Nigerians that operations in loading depots have fully resumed following the restriction of movements during the recently concluded Presidential and National Assembly elections, which necessitated truck drivers to travel to exercise their civic duty.

“Consequently, the NMDPRA is working with other Stakeholders to mitigate the slight tightness being experienced in the distribution of Premium Motor Spirit (PMS).

“Most importantly, the public is invited to note that the current stock sufficiency stands at 35.39 days for PMS, 34.86 days for AGO and 31.36 days for ATK.

“The Authority strives to guarantee supply and distribution reliability nationwide and strongly advises against panic buying”.

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