NNPC cautions consumers against panic buying

NNPC cautions consumers against panic buying

Sequel to Calabar tank farm fire incident, the Nigerian National Petroleum Corporation (NNPC) has advised consumers of Petroleum products across the country 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.
NNPC assured in a statement issued that the unfortunate fire incident at a private tank farm had not affected its operations, and that the Corporations stock holding was 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 corporation said in a statement issued on Monday.
NNPC Group Managing Director,  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.

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