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.
The national oil company gave the assurance in a statement by Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd.
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.
This is coming on the heels of scarcity of PMS, reportedly said to have hit Lagos recently.
According to reports, motorists seeking to buy PMS on Wednesday in Lagos, were met with unprecedented number of fuel stations refusing to sell fuel and long queues at the premises of the few fuel stations selling.
