PPPRA denies reports of imminent fuel scarcity, ask Nigerians to stop panic buying

The Petroleum Products Pricing Regulatory Agency (PPPRA) has denied reports in some quarters that there may soon be fuel scarcity in the country due to a N660 Billion unpaid debt owed some oil marketers. According to a statement released by the PPPRA, Nigeria has months of Premium Motor Spirit (PMS) sufficiency. Read the statement after the cut …

“The attention of Petroleum Products Pricing Regulatory Agency (PPPRA) management has been drawn to the news, stories and speculations in the media of an imminent fuel scarcity over Marketers’ unpaid 660bn naira debt and other sundry…