The Nigerian National Petroleum Company (NNPC) Ltd. has stated that there is no immediate plan to raise the cost of Premium Motor Spirit (PMS), commonly referred to as petrol.
The company made this known in a statement by its Chief Corporate Communications Officer, Olufemi O. Soneye on Thursday, February 8.
The NNPC urged the public to dismiss unfounded speculations circulating about a possible upward review of PMS prices.
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The company reassured Nigerians that no such measures are in the pipeline.
Motorists have been strongly advised against succumbing to panic buying, as NNPC affirms that there is an abundant supply of PMS across the nation.
NNPC assured citizens of its commitment to maintaining stable fuel prices for the foreseeable future.