The Nigerian National Petroleum Company (NNPC) Ltd has assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.
In a statement issued in Abuja on Thursday by its Chief Corporate Communications Officer, Olufemi O. Soneye, the NNPC therefore urged Nigerians to “disregard unfounded rumours,” assuring them that “there are no plans for an upward review of the PMS price.”
A gas station attendant pumps fuel into a customer’s car at the NNPC Mega petrol station in Abuja, Nigeria March 19, 2020. REUTERS/Afolabi Sotunde
“Motorists nationwide are advised against engaging in panic buying, as there is presently ample availability of PMS across the country,” Sonoye said.