The state oil company, the Nigerian National Petroleum Corporation (NNPC), said rumours that pump prices would increase in the run-up to Christmas had contributed to the increased demand for petrol.
Baru, who was billed to receive the Forbes Oil and Gas Man of the Year Award 2017 in the British capital on Tuesday, flew back to the country to attend what he described as a "matter of urgent importance".
￼THEWILL reports that long queues have been witnessed in the country with speculations of an intending upward review of the pump price of petrol which made NNPC Group Managing Director (GMD), Dr. Maikanti Kacalla Baru, cut short his trip to London.
The NNPC's Spokesperson, Mr. Ndu Ughamadu, urged Nigerians on Tuesday to stop panic buying, reiterating that there was enough fuel in the nation's depots. We have said times without number that NNPC has sufficient products to cater for the needs of all consumers.
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He also said the government has no plans to increase the pump price of petrol.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Kano state also assured motorists that the current queues at filling stations would soon be over as the NNPC depot has released 50 trucks of the commodity for distribution.
Okoronkwo said: "The issue of supplying fuel to DAPMAN first by the National Oil Company (NOC) has done more harm than good.Through this, marketers who need the product most, are unable to get it for distribution to their outlets across the country". Baru is expected to appear on...
Marafa said the Senate would not watch some unpatriotic persons put Nigerians through any form of hardship, particularly during the Yuletide.
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He said members of the committee would be regrouped into sub-committees to make it possible for them to visit all the states.
According to him, "NNPC treats private depot owners (DAPPMA) with priority, by giving them products while they now resell to our members at above the recommended ex-depot price".
"Right now, we are having a total shortage of products because we are not getting supply from our depots".
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