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The Nigerian National Petroleum Company (NNPC)
Ltd has denied any imminent hike in the pump prices of the Premium Motor Spirit
(PMS) or petrol.
A statement by its Chief
Communications Officer, Mr. Olufemi Soneye issued in Abuja yesterday urged
motorists to shun panic buying of the product.
The statement also assured
customers of abundant availability of the PMS.
The statement reads in part:
"NNPCL 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," the statement read.
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