Fuel Scarcity Reports Untrue - PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA) has come out to dispel claims that fuel queues may return to retail outlets over the 660 billion naira debt owed petroleum marketers by the Federal Government.
The Agency revealed in a statement on Thursday that Nigeria has months of Premium Motor Spirit (PMS) sufficiency.
The Agency therefore appealed to Nigerians to avoid panic-buying. It said, “We hereby appeal to all Nigerians to remain calm and desist from any form of panic-buying, as we assure of our total commitment to adequate products supply and distribution across the country in line with our mandate. We also appeal to all depot owners to adhere strictly to the subsisting truck-out principle in order to ensure that products get to retail outlets across the country in a seamless manner.The Agency shall not hesitate to apply appropriate sanctions where necessary.”