“We are equally calling on the management of the NNPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority to investigate the arbitrary increase in fuel price by the private depot owners,” he added.

The Executive Secretary, of the Depot and Petroleum Products Marketers Association of Nigeria, Olufemi Adewole, did not answer calls.

NMDPRA warns Nigerians against panic buying.

Meanwhile, the Nigerian Midstream and Downstream Petroleum Regulatory Authority appealed to Nigerians not to engage in panic buying of petrol, saying it had enough in stock.

The Chief Executive Officer, NMDPRA, Farouk Ahmed in Lagos on Tuesday, said he had checked with MOMAN and the NNPC Ltd. on the level of fuel stock and confirmed that they had sufficient stock.

“l spoke with the MOMAN’S Executive Secretary this morning and he told me they have sufficient stock. I have directed them to start evacuating the product immediately to filling stations.

“NNPC has also confirmed sufficiency and they have commenced evacuation. From now till tomorrow, the situation will be back to normal.

“I don’t know what is happening but we are on top of the situation,” he said.

Ahmed assured that there was enough fuel and appealed to members of the public to avoid panic buying as all efforts were being made to resolve shortages in some filling stations in Lagos and its environs.

Source - Punch Newspaper.

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