The nationwide petrol scarcity has been on for over two months.
The Executive Secretary, Petroleum Products Pricing and Regulatory Agency, (PPPRA), Ahmed Farouk, has urged Nigerians to stop panic buying of petrol.
He announced that more than nine vessels are currently discharging the product across the country.
Mr. Farouk, who made this known on Tuesday in Abuja, when he appeared before the Senate Committee on Petroleum (Downstream), said that about 200 million litres of the product would soon be released into the market.
He admitted that the delay in the payment of oil marketers was responsible for the initial fuel crisis but explained all outstanding debts had been settled by the Nigerian National Petroleum Corporation and the Federal Ministry of Finance.
According to him, all pending payments due to oil marketers have been paid as at last week, assuring that Nigerians would not experience scarcity again.
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