The Nigerian National Petroleum Company Ltd. has issued a statement assuring the public that there are no immediate plans to increase the cost of Premium Motor Spirit commonly known as petrol.
In response to rumors circulating, NNPC Ltd. urges Nigerians to disregard such claims and rest assured that there are no intentions to review the PMS price upwards.
This was made known in a statement by the chief corrporate communications officer of NNPC Ltd., Olufemi O. Soneye, via the X handle of NNPCL on Thursday.
The Chief Corporate Communications Officer of NNPC Ltd., Olufemi O. Soneye, emphasized the importance of disregarding the rumors and maintaining confidence in the stability of petrol prices.
The statement reads in part, “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.”