The Nigerian National Petroleum Company Limited (NNPCL) has assured Nigerians that there is no plan to increase fuel price.
The assurance comes against the backdrop of reports suggesting that fuel should be selling at N1,200 based on market realities, NNPCL, in a statement by its Chief Corporate Communications Officer, Olufemi Soneye, urged Nigerians to disregard unfounded claims.
The petroleum company also urged motorist nationwide to desist from panic buying, adding that there is adequate petroleum products to serve the nation.
The statement by NNPCL read, “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.”