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.
In a press statement circulating online signed by Olufemi O. Soneye, Chief Corporate Communications Officer NNPC Ltd. Abuja; it says :
“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.”
Rumours of the possibility of fuel being sold for over 1000 naira became rife on Tuesday as Nigerians engaged in panic buying.
