Energy Health News

Covid-19: Petroleum users panic-buy against warnings

By Vera Anyagafu

Regardless of warnings by the country’s Department of Petroleum Resources (DPR), asking users of Petroleum Motor Spirit (PMS) to desist from panic-buying, many users are still found storing loads of liters of PMS.

This action, aside from the fact that it is very risky, could send wrong signals to other parts of the country.

Covid-19: Petroleum users panic-buy against warnings
Covid-19: Petroleum users panic-buy against warnings

A fuel station manager, in Ogun state who spoke to Newsbeats on grounds of anonymity, disclosed that many stations have adequate stock despite the outbreak of the Corona Virus pandemic, even as many other fuel stations had tricked consumers into buying the product above the current price regime per a liter.

He also disclosed that some filling stations still sell at the former price to many unsuspecting and ignorant Nigerians.

However, Newsbeats investigations showed that many fuel stations had stocked enough of the product to meet up consumers demand during the period of lock down.

It was also gathered that some stations still selling at the old rate claimed that they have to finish selling the old product before selling at the new price.
” We can only start selling at the new price when we buy new products”, one of the attendant, who spoke in confidence hinted.

However, further investigation revealed that some fuel stations around Agbara/Badagry axis and also some stations within Ojo Local Government Development Council, confirmed depots are selling at the new depot price.

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Meanwhile, all the retail outlets Newsbeats visited were selling at the new pump price directive.

Adding his voice to the situation on ground, a police officer who pleaded anonymity said that,
“There is absolutely no reason for anybody to engage in panic buying, although, we believe that the Corona Virus is real and in the country now with several confirmed cases, which has led to the lock down, we are advised not to add to it by endangering our lives with the panic buying of fuel.”


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