Calabar Tank Farm Fire: NNPC Cautions Against Panic Buying




The Nigerian National Petroleum Corporation (NNPC) has advised consumers of Petroleum products across the country not to engage in panic buying as a result of the fire incident which occurred in the wee hours of Saturday July 15 at a tank farm at Calabar Free Trade Zone (CFTZ), in Cross Rivers State.

NNPC  in a statement Monday assured that the unfortunate fire incident at a private tank farm had not affected its operations, and that the Corporation’s stock holding was robust.

“NNPC has over 40 day-sufficiency for petrol, and adequate volumes of diesel and kerosene to meet consumers’ demand nationwide, therefore it is pointless to engage in panic buying”, the statement said.

NNPC Group Managing Director, Dr. Maikanti Baru, who received briefs on the incidents, expressed regrets over the unfortunate loss of life in the inferno.

The GMD consoled the families of those who lost their loved ones in the incident, advising communities in areas of Oil and Gas operations to always exercise caution and be vigilant at all times.

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