NNPCL: no increase in petrol prices

The Nigerian National Petroleum Company (NNPC) Ltd has denied any imminent hike in the pump prices of the Premium Motor Spirit (PMS) or petrol.

A statement by its Chief Communications Officer, Mr. Olufemi Soneye issued in Abuja yesterday urged motorists to shun panic buying of the product.

The statement also assured customers of abundant availability of the PMS.

The statement reads in part: “NNPCL assures the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.
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“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,” the statement read.

<<The Nation>>