NNPCL Says No Plan to Increase Petrol Price

Contrary to speculation, the Nigerian National Petroleum Company (NNPC) Limited has denied a plan to increase the price of petroleum motor spirit or petrol despite adjustment to the exchange rate.

In an official statement by Olufemi O. Soneye its Chief Corporate Communications Officer, the oil company assures the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), urging Nigerians to disregard unfounded rumours.

Also, NNPCL said there are no plans for an upward review of the petrol price, advising Motorists against engaging in panic buying, as there is presently ample availability of PMS across the country. #NNPCL Says No Plan to Increase Petrol Price# Equities Investors Lose N481bn to Market Correction