The Petroleum Products Pricing Regulatory Agency (PPPRA) has condemned reports of imminent fuel scarcity in Nigeria.
The agency asked Nigerians to ignore claims that fuel queues may return to retail outlets over the 660 billion naira debt owed petroleum marketers by the Federal Government.
In a statement issued on Thursday, the PPPRA disclosed that Nigeria has months of Premium Motor Spirit (PMS) sufficiency.
Contrary to some speculations on the status of kerosene, the agency noted that the product was fully deregulated and urged Nigerians to avoid any form of panic-buying.
“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 issues.
“The stories, under reference,