The Nigerian National Petroleum Company (NNPC Ltd) has urged Nigerians to disregard unfounded rumours of plans to increase the price of petrol to N1200 per litre.
Remoured emerged on Wednesday that the company was planning alongside marketers to increase the pump price of petrol to N1200 per litre.
Similarly, motorists nationwide are advised against engaging in panic buying, as there is presently ample availability of PMS across the Nation.
The NNPC’s statement titled “No Increase in PMS Prices, NNPC Ltd. Assures Nigerians”, signed by Olufemi Soneye, the chief corporate communications officer, NNPC Ltd., reads:
“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”.
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