{"id":42312,"date":"2022-05-09T12:53:40","date_gmt":"2022-05-09T12:53:40","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=42312"},"modified":"2022-05-09T12:53:46","modified_gmt":"2022-05-09T12:53:46","slug":"nnpc-assures-of-supplies-warns-against-panic-buying","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/nnpc-assures-of-supplies-warns-against-panic-buying\/","title":{"rendered":"NNPC Assures of Supplies, Warns Against Panic Buying &nbsp;"},"content":{"rendered":"<p>The Nigerian National Petroleum Corporation (NNPC) has assured residents of Abuja against panic buying of fuel, assuring that the agency has adequate supply despite the resurgence of queues in the city. &nbsp;<\/p>\n\n\n\n<p>This is according to a series of tweets on the NNPC handle late Sunday. &nbsp;<\/p>\n\n\n\n<p>\u201cWe assure all residents of the FCT, and indeed all Nigerians, that we have ample local supplies and national stock in excess of 2.5 billion liters, with a sufficiency of more than 43 days,\u201d it added. &nbsp;<\/p>\n\n\n\n<p>\u201cThe NNPC Ltd hereby advises motorists not to engage in panic buying as supplies are adequate as will become increasingly evident in the coming days.\u201d &nbsp;<\/p>\n\n\n\n<p>It explained the appearance of fuel queues in parts of Abuja \u201cis very likely due to low loadouts at depots which usually happen during long public holidays, in this case, the Sallah celebrations\u201d. &nbsp;<\/p>\n\n\n\n<p>The statement added that the \u201cincreased fuel purchases which are also usual with returning residents of the FCT from the public holidays\u201d. &nbsp;<\/p>\n\n\n\n<p>The recent development is coming a few months after fuel queues resurfaced in the country due to the importation of \u201cbad fuel\u201d into Nigeria. &nbsp;<\/p>\n\n\n\n<p>Lawmakers had then initiated a probe into the matter as calls came for those found guilty to be punished.&nbsp;&nbsp;The House of Representatives had then called on the NNPC to suspend the companies involved in the importation. &nbsp;<\/p>\n\n\n\n<p>But in April, the lower chamber said nobody would be sanctioned over the supply of the adulterated product. &nbsp;<\/p>\n\n\n\n<p>This was after it considered and adopted the reviewed report on the investigation by its Committee on Petroleum Resources (Downstream) which exonerated both the NNPC and the suppliers in the Direct Sale-Direct Purchase deal between the Federal Government and the importers. &nbsp;<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-42312\" data-postid=\"42312\" class=\"themify_builder_content themify_builder_content-42312 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The Nigerian National Petroleum Corporation (NNPC) has assured residents of Abuja against panic buying of fuel, assuring that the agency has adequate supply despite the resurgence of queues in the city. &nbsp; This is according to a series of tweets on the NNPC handle late Sunday. &nbsp; \u201cWe assure all residents of the FCT, and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":11378,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[908],"tags":[254],"class_list":["post-42312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oil-gas","tag-nnpc","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NNPC Assures of Supplies, Warns Against Panic Buying &nbsp; - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/nnpc-assures-of-supplies-warns-against-panic-buying\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NNPC Assures of Supplies, Warns Against Panic Buying &nbsp; 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