Since the panic buying
continued throughout the day, the owners of several fuel stations stopped sale in the evening.
However, despite the panic buying
and the likely plunge into another round of fuel crisis, the Nigerian Association for Energy Economics, NAEE, has insisted that subsidy on petroleum products should be completely eliminated.
Meanwhile, stakeholders across the nation, including the Department of Petroleum Resources (DPR), National Union of Petroleum and Natural Gas Workers (NUPENG) and Independent Petroleum Marketers Association of Nigeria (IPMAN) have been urging caution against panic buying
and hoarding, giving assurance of the commodity's availability.
The document warns restrictions in imports across the English Channel, combined with reduced availabliity and choice of products, will cause fruit and veg prices to rise, leading to panic buying
He said that panic buying
is when someone sees long lines in retail establishments, like the NFA buying stations, and then instead of buying the usual volume of produce, buys more because of the fear that either the commodity will be scarce or that prices will go up.
Reporting the results at a regular meeting of the Democratic Progressive Party (DPP) that day, Cho frankly said that the chaos that ensued over panic buying
of toilet paper was caused by reckless marketing by the companies involved.
Will Basnett I was in Morrisons this morning - panic buying
Local currency market facing a sudden dollar shortfall as after United States suspension of funds on the war on terror as well as possibilities of further economic sanctions has created panic buying
in the local currency market.
He said he initially suspended deployment of OFWs to Qatar as a preemptive move after receiving reports of panic buying
in the oil rich country.
Global Banking News-July 10, 2015--Greeks resort to panic buying
Last month's total was still down on the 1.68 billion litre figure of April last year when sales were boosted by panic buying
over the threat of a tanker strike.
of petrol and unseasonably warm weather lifted retail sales figures for March yesterday.