N900/Litre: NNPC Gives Reason for New Fuel Prices, Advises Nigerians [Video]

• The Nigerian National Petroleum Company Limited has responded to the ongoing fuel scarcity across the country
• The oil company provided an explanation for the scarcity and advised Nigerians not to panic buy
• Across the country, filling stations operated by independent petroleum marketers have adjusted their prices to as high as N900 per litre in some states

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The Nigerian National Petroleum Company Limited (NNPC Ltd) has addressed the currency fuel scarcity in the country.

In a statement signed by Olufemi Soneye, its chief corporate communications officer, NNPC Ltd said the current scarcity is due to distribution challenges.

Champions reportthat NNPC Ltd the Company further urges motorists to shun panic buying as it is working round the clock with relevant stakeholders to restore …