Oil marketers debunks rumors of petrol scarcity

Major petroleum marketers assure the public there is sufficient petrol supply and urge against panic buying.

In a statement released on Thursday, the Chief Executive Officer of the Major Energy Marketers Association of Nigeria (MEMAN), Clement Isong, affirmed that ample stock is available in the tanks of the Dangote Refinery and the Nigerian National Petroleum Company Limited.

Isong added that there is a reliable forecast of future supplies for all petroleum products, noting that deregulation enables diligent marketers to plan and secure their supply needs in advance, helping prevent shortages.

Consequently, he stated that MEMAN does not anticipate any petrol scarcity in the immediate or near future, encouraging Nigerians to refrain from panic buying, assuring them that member companies will continue to optimise their supply and logistics to ensure availability and affordability.