“This will ensure that scarcity created by panic buying will now be freed so that normalcy will return to filling stations.
“Typically in situations like this, people go to the fuel stations and buy in excess of what they need and this is what additional supply will resolve. I am very sure that very soon, we will see relief on this,” he said. Kyari said that neither the federal government nor the NNPC had any plan to raise the pump price of petrol.He noted that following the meeting, the stakeholders had agreed that NNPC should carry out necessary sanctions on any found selling petrol above approved price including the refusal to sell PMS to stations or depots.
He equally noted that it would carry out necessary sanctions allowed by law on any defaulting depot owner to ensure that Nigerians would continue to buy the product at the approved price.He, however, apologised for the pains Nigerians were experiencing at fuel stations and appealed to consumers to avoid panic buying and to buy only the quantity they needed at fuel outlets.
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