The Nigerian National Petroleum Company Limited, NNPCL, has reacted to reports of alleged fuel price hike.
While speaking on Thursday, NNPCL assured Nigerians that there is no imminent increase in the cost of Premium Motor Spirit, PMS, popularly known as petrol.
NNPCL urged Nigerians to disregard unfounded rumours and assured them that there are no plans for an upward review of the PMS price.
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This was disclosed in a terse statement by NNPCL Chief Corporate Communications Officer, Olufemi O. Soneye, on Thursday.
According to Soneye: “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.”