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 on Wednesday, January 3, 2024, NNPC urged Nigerians to disregard unfounded rumours and assured them that there are no plans for an upward review of the PMS price.
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Agro Climate News reports that there were speculations going round that the Petroleum price will rise from the N615 and N670 to over N1,200.
In the statement endorsed by Olufemi O. Soneye, the NNPC Chief Corporate Communications Officer, the organisation advised motorists nationwide against engaging in panic buying, as there is presently ample availability of PMS across the country.
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