Lifestyle Nigeria gathered that the Nigeria National Petroleum Corporation has blamed the lingering fuel scarcity in the country on panic buying and sharp practices by some petroleum marketers who are exploiting the present situation to make more money.

The company also vowed that the fuel queues across the country would end next week, noting that it had enough litres of fuel to end the scarcity.

Petroleum marketers, however, disagreed with the position of the NNPC, insisting that inadequate supply was a major reason for the persisting fuel scarcity.

Recall that on Tuesday, the NNPC spokesperson, Femi Soneye, assured that the ongoing shortage in supply of petroleum products and queues for the products would be cleared by May 1.

According to him, the company had more than 1.5 billion litres of petroleum products available, enough to last for at least 30 days. He added that some individuals might be exploiting the situation to maximise profit.

The Major Energies Marketers Association of Nigeria had in a statement said its members in Apapa and other locations in Lagos had received 300 million litres of fuel from eight vessels this week.