The Nigerian National Petroleum Corporation (NNPC) on Monday, March 3, 2014 said that it has released 33 million litres of Premium Motor Spirit (PMS) from its strategic reserves into Lagos to ease the ongoing scarcity of the product in the city.
NNPC said in a statement in Abuja that it is determined to ease the discomfort being experienced by motorists and commuters in Lagos and its environs, thus the additional fuel supplies to it. They also appealed to marketers and members of the public to refrain from hoarding and panic buying.
Acting Group General Manager, Group Public Affairs Division of the Corporation, Dr. Omar Farouk Ibrahim stated in a statement that the additional 33 million litres was supplied to the marketers as part of measures to end the artificially- induced scarcity.
Ibrahim said: “While we intensify our ongoing direct monitoring of fuel stations across Lagos and its environs, we are providing the extra volume of product to eliminate the noticeable queues arising from the induced scarcity.”
The move was orchestrated in an attempt to relieve Lagosians from the burden the fuel scarcity is causing on their everyday lives.