Queues piled up at for petrol stations on Tuesday in Nigeria's major cities, including Abuja, Lagos and Kano in spite of assurances of adequate supplies.The Nigeria National Petroleum Corporation (NNPC) had assured Nigerians of adequate fuel supply in all parts of the country and restated that there was no plan to increase the pump price of petrol.
He said Dr Kachikwu who was meant to give a brief on the outcomes of the meeting was attending another crucial meeting to end the long fuel queues witnessed across the country, Channels tv reports.
The FEC meeting which held in President Muhammadu Buhari's absence was presided over by Vice President Yemi Osinbajo.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has attributed the scarcity to undersupplying of petrol by the Nigerian National Petroleum Corporation (NNPC) from Lagos.
On Monday, the NNPC informed Nigerians that there was no plan whatsoever to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide.
However, the NNPC in a statement from its Group General Manager, Public Affairs, Mr. Ndu Ughamadu, reiterated that there was no need for the sudden return of queues at petrol stations across the country, stating that it had enough stocks.
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"For the umpteenth time, I wish to call on all Nigerians to stop panic buying".
But the NNPC said they are importing about 100 percent of petroleum products adding that there is sufficient supply across board.
It said he had ordered more petroleum products to be dispatched nationwide "to cushion the effects of excessive demand caused by panic buying" before travelling to Britain.
Speaking after an investigative hearing on the matter yesterday, Chairman of the committee, Senator Kabiru Marafa, said the NNPC boss is to appear before the committee tomorrow.
"We will take time out to embark on a serious oversight". They could no longer get from NNPC's depots, now they are accusing us.
"We hope he will be back by Thursday to tell Nigerians the true situation".