The Nigerian National Petroleum Company (NNPC) Limited has refuted rumours of an impending increase in the price of Premium Motor Spirit (petrol), advising the public to disregard such unfounded speculations.
In a statement issued by NNPC’s Chief Corporate Communications Officer, Olufemi O. Soneye, the national oil company affirmed that there are no immediate plans to adjust petrol prices upwards.
The statement read: “The Nigerian National Petroleum Company (NNPC) Ltd. assures the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.
“NNPC Ltd. urges Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the PMS price.
“Motorists nationwide are advised against engaging in panic buying, as there is presently ample availability of PMS across the country.”