Stop Panic Buying, NNPC Urges Nigerians

NNPCThe Nigerian National Petroleum Corporation (NNPC) has urged Nigerians to stop the panic buying of petrol across the country.

Most filling stations in Abuja and other parts of the country have been inundated with cars forming long queues in an attempt to get petrol.

However, in a statement signed by the Spokesman of the NNPC, Mr Ohi Alegbe, the NNPC said that there is adequate product to last the country for 23 days.

The statement put the quantity of petrol stock at over 927 million litres.

The statement further warned marketers not to engage in products hoarding and diversion as the monitoring committee from the Pipeline and Products Marketing Company (PPMC) is empowered to sanction anyone engaging in sharp practices.

The NNPC had on Monday said that there was no iota of truth in the news making the rounds that the organisation had reduced the pump price of fuel.

The Group General Manager of NNPC, Ohi Aligbe told Channels Television on Monday that stories about the pump price being reduced has gone viral on the internet, but maintained that pump price of petrol remains 87 naira per litre.

NNPC Denies Slashing Petrol Pump Price

NNPC The NNPC says there is no iota of truth in the news making the rounds that the organisation has reduced the pump price of fuel.

The Group General Manager of NNPC, Ohi Aligbe told Channels Television on Monday that stories about the pump price being reduced has gone viral on the internet, but maintained that pump price of petrol remains 87 naira per litre.

He called the rumour the handiwork of detractors, saying that the management is not contemplating price reduction as at now.

NNPC To Explore Community-Based Pipeline Policing

Emmanuel Ibe Kachikwu of the NNPC
The Group Managing Director of the NNPC, Dr. Ibe Kachikwu, expresses the Corporations’ commitment to tackling oil theft

The Nigerian National Petroleum Corporation (NNPC) says the Corporation may settle for the option of community-based policing to protect the vast artery of oil and gas pipeline network across Nigeria.

The decision of the Corporation was made known by the Group Managing Director of the NNPC, Dr. Ibe Kachikwu, at a meeting with the Canadian High Commissioner to Nigeria, Ambassador Perry John Calderwood held  at the NNPC Towers in Abuja on Friday,

Dr. Kachikwu pledged to give a lot of attention to the perennial menace of pipeline vandalism and oil theft.

Pipeline Protection Format

“I intend to give a lot of energy to the issue of oil theft and pipeline vandalism. We must keep the losses from oil theft to the lowest figure possible. I don’t believe in the arm -for-arm approach.

“We must engage the host communities and inculcate in them the need to see the assets in their domain as their own,” Dr. Kachikwu said.

In a statement issued after the meeting by the spokesman for the Corporation, Ohi Aligbe, the NNPC boss said that in the months ahead, the Corporation would initiate discussions with community leaders and interest groups with a view to fashioning a workable community oriented pipeline protection format, with less emphasis on the use of brute force to secure the lines.

On the state of the refineries, Dr. Kachikwu solicited for support from Canadian companies and service providers, stating that Nigeria could make do with Canada’s vast experience in refining and expertise in oil and gas operations.

In his response, Ambassador Calderwood said the Canadian government and business entities were willing to work with the NNPC in growing the Nigeria oil and gas industry to enviable heights.