Fuel Lines: NNPC Warns Against Panic Purchasing and Verifies 30-Day Sufficient Supply

Fuel lines have reportedly appeared in certain areas of Lagos as well as a few other places around the nation, according to the Nigerian National Petroleum Company (NNPC) Limited.

The NNPC’s retail management stated in a statement on Thursday that the waits are the result of a decreased depot loadout that has been going on for a few days in Apapa, Lagos.

It further stated that the core reason of the backlog has been resolved.

The statement continued, “We assure all Nigerians that there is ample supply with sufficiency of at least 30 days.”

However, the NNPC cautioned drivers from making rash purchases because distribution will return to normal over the course of the following few days.

Following President Bola Tinubu’s announcement at his inauguration in May that gasoline subsidies would no longer be provided, gas station lineups became noticeable.

According to Tinubu, the gasoline subsidy payment is no longer justified and that the 2023 budget did not include any funding for it.

Due to the announcement, there was a shortage of petroleum goods, which caused long lines at gas stations all throughout the nation. In Lagos, the price of a litre of gasoline increased from N184 to almost N500.

See the statement below;