The Independent Petroleum Marketers Association Of Nigeria (IPMAN), an association that oversees the distribution of petroleum products, has cautioned consumers of premium motor spirit (PMS) against panic buying saying the Nigerian National Petroleum Company Ltd is on top of the situation.

The National Secretary of IPMAN, James Tor said this on  tuesday as he commended the intervention of the Group Chief Executive Officer of the NNPCL, Mele Kyari.

He explained that Nigeria exists in a global system that is influenced by the crisis in the Middle East between the Israelis and Iran which also impacts the Nigerian market.

He further assured that   NNPC is ready and has opened up some of the depots and product distribution will start soon