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The Nigerian National Petroleum Company (NNPC) Limited has issued a statement reassuring the public that there are no plans for an imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.
The NNPC urges Nigerians to disregard unfounded rumors and assures them that there are no intentions to review the petrol price upwards.
In light of this assurance, motorists across the country are advised against engaging in panic buying, as there is ample availability of petrol nationwide.
While there have been reports of long queues at some NNPC filling stations in Abuja, where petrol was sold at N617 per litre, it is important to note that this does not indicate an impending price hike.
Some major fuel stations may have sold the product for N670 per litre, but the NNPC emphasizes that there are no plans for an increase in petrol price.
Mr. Soneye, a representative of the NNPC, stated, “Motorists nationwide are advised against engaging in panic buying, as there is presently ample availability of PMS across the country.”
The NNPC’s statement aims to dispel any concerns or speculations regarding an increase in petrol price. Nigerians can rest assured that the cost of petrol will remain stable for the time being.
