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Akinwande Soji-Ojo
The Nigerian National Petroleum Company Limited (NNPCL) has said it was not planning to increase the cost of Premium Motor Spirit, popularly known as petrol.
A statement issued on Thursday by NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, warned Nigerians against panic buying of 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.
Recall that oil marketers had expressed fears that there might be a scarcity of petrol if the NNPCL fails to make the product available to depot owners and other dealers.
They said the long queues being experienced in filling stations and some parts of Ogun State might eventually spread to other parts of the country should the NNPCL fail to sell enough petrol to distributors.