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The Nigerian National Petroleum Company (NNPC) Ltd. in a statement on Thursday assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.
NNPC Ltd spoke against the background of speculations that
the price of petrol may be jacked up following the depreciation in the value of
the naira.
The speculation has led to fuel queues in some parts of the
country where filling stations seemed to be hoarding the product.
But the Chief Corporate Communications Officer, NNPC Ltd.,
Olufemi Soneye, in a statement on Thursday, urged Nigerians to disregard
unfounded rumours.
Soneye assured the general public that there were no plans
for an upward review of the price of PMS.
“Motorists nationwide are advised against engaging in panic
buying, as there is presently ample availability of PMS across the country,” he
said. NAN
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