NNPC Speaks On Increasing Petrol Price To N1,200 Per Litre

The Nigerian National Petroleum Company Limited (NNPC Ltd) has assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.

VerseNews reports that this was made known in a statement released on Wednesday by the NNPC Chief Corporate Communications Officer, Olufemi O. Soneye,

The statement comes in response to reports of a clash with petroleum marketers over the removal of petrol subsidies.

NNPC Ltd urged Nigerians to disregard unfounded rumors and assured them that there are no plans for an upward review of the petrol price.

Motorists are advised against panic-buying as there is ample availability of PMS across the country.

The statement reads; “The Nigerian National Petroleum Company (NNPC) Ltd. assures the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.

“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.”