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.
The company gave the assurance in a statement by Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd.
It implored Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the PMS price.
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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 Petroleum Motor Spirit, PMS, reportedly said to have hit Lagos recently.
