The Nigerian National Petroleum Company (NNPC) Ltd. on Wednesday urged Nigerians not to engage in panic buying of petrol, assuring that there was imminent increase in price.
This was contained in a press statement by Olufemi O. Soneye ,Chief Corporate Communications Officer, NNPC Ltd.
In the statement titled No Increase in PMS Prices, NNPC Ltd. Assures Nigerians, Soneye said “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.”