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Nigeria's petroleum authority allays fears of fuel scarcity
CGTN
A banner is displayed to advertise diesel available at a filling station in Lagos, Nigeria's commercial capital on March 14, 2022. (Photo by PIUS UTOMI EKPEI via CFP)

A banner is displayed to advertise diesel available at a filling station in Lagos, Nigeria's commercial capital on March 14, 2022. (Photo by PIUS UTOMI EKPEI via CFP)

The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians that the country has enough stock of fuel, urging them not to engage in panic buying.

This comes after long queues appeared in the federal capital, Abuja, with motorists reporting difficulties in securing the commodity.

"We assure all residents of the FCT, and indeed all Nigerians, that we have ample local supplies and national stock in excess of 2.5 billion liters, with sufficiency of more than 43 days," the NNPC said in a statement on Monday.

"The NNPC Ltd hereby advises motorists not to engage in panic buying as supplies are adequate as will become increasingly evident in the coming days."

The Nigerian government has been working to ease fuel disruptions in its transport sector.

On Friday, Airline operators announced plans to suspend operations starting Monday over the high cost of jet fuel and other operational costs.

The airlines later pledged to continue with operations after intervention from the government.

This is the second time this year that the West African country is grappling with fuel-related disruptions.

In February, the country witnessed heavy traffic gridlocks in its major cities as motorists struggled to obtain fuel, forcing many to spend hours outside fuel stations waiting for solutions.

Nigeria is Africa's biggest crude producer but depends on fuel imports to meet local demand as its four refineries are either not working at all or operating below their installed capacity.

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