The statement said the Corporation had commenced talks with the leadership of the industrial unions to address their grievances.
This is contained in a statement signed by Alhaji Garba Deen muhammad, Group General Manager, Group public Affairs division, on Friday in Abuja.
It said the Corporation had commenced talks with the leadership of the industrial unions to address their grievances.
"The Corporation has in stock enough products to satisfy local consumption requirements for the next 45 days.
"There is no need for motorists and other users of petroleum products to embark on frenzied wholesale purchase of fuel in anticipation of scarcity," it said .
It assured that the corporation was doing everything possible to guarantee that the prevailing sanity in the supply and distribution of petroleum products across the country which was achieved with the recent downstream liberation policy was sustained.
The News Agency of Nigeria (NAN) reports that PENGASSAN had threatened to embark on a nationwide strike beginning from July 7 over some issues, including the alleged mass sacking of its members by various oil and gas companies.
NAN correspondent observed that motorists have besieged various filling stations in Abuja in apparent move to fill up their tanks resulting in long queues.