Tuesday, 3 March 2015
NNPC to import over 1bn litres of petrol to checkmate hoarding, panic buying
The Management of the Nigerian National Petroleum Corporation (NNPC) have began fresh measures to halt what it described as artificially induced petrol scarcity noticeable in some parts of the country.
To this end, the corporation said it planned to import more than one billion litres of petrol in March to address short fall in supply
The Group Managing Director (GMD), NNPC Dr Joseph Dawha, in conjunction with the Chief Executive Officers of the NNPC subsidiaries, began detailed monitoring of fuel stations in Abuja.
Dawha said the exercise was to checkmate hoarding and panic buying of petrol, particularly in Abuja, Lagos and its environs.
The GMD said there was enough petrol in the nation’s stock to take care of the need of motorists.
More details here...
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