• Sunday, May 12, 2024
businessday logo

BusinessDay

PENGASSAN strike: NNPC says panic buying unnecessary

The Nigerian National Petroleum Corporation (NNPC) on Tuesday dismissed mounting insinuation of the possible scarcity of petroleum products, assuring that it has 2.9 billion litres of fuel in its reserve.

This followed the disagreement between the Federal Government and members of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) on the implementation of the Integrated Payroll and Personnel Information System (IPPIS).

Kennie Obateru, group general manager, group public affairs division of the corporation, quoted Mele Kyari stating that the industrial action embarked upon by PENGASSAN would not lead to scarcity of petroleum products as all fuel stations and petrol depots in the country have enough stock of products to service consumers and are open for business.

READ ALSO: With $1bn chest, AITEO owner Peters acquires platinum mine in Zimbabwe

While expressing hope that the industrial dispute would be settled amicably, Kyari assured that the corporation has thus far emplaced a stock of over 2.9 billion litres of petrol to guarantee the seamless movement of people, goods and services across the country in the forthcoming Christmas season and beyond.

The NNPC GMD reiterated that the corporation was determined to make the 2020 end-of-year festivities a zero fuel queue period just like the preceding year, noting that critical stockholders in the petroleum products supply and distribution chain such as tanker drivers, depot owners and road transport owners have been mobilised to ensure hitch-free season.

Please enable JavaScript to view the comments powered by Disqus.
Exit mobile version