The Nigerian National Petroleum Company (NNPC) Limited has reassured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.
In a press statement signed by Olufemi Soneye, the chief corporate communications officer, NNPC Ltd. urged Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the PMS price.
Recall that in January this year, there were rumours that the NNPC was planning to increase the price of petrol to N1200 per litre.
But the company debunked it.
However, few days ago, queues were spotted at petrol stations in parts of Nigeria, especially in Lagos
“Motorists nationwide are advised against engaging in panic buying, as there is presently ample availability of PMS across the country”, NNPC said on Thursday.
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