Oritsegbubemi Omatseyin
Lagos — The Nigerian National Petroleum Company, NNPC Limited has assured the public that there is no imminent increase in the cost of Premium Motor Spirit, PMS, commonly known as petrol.
In a press statement by NNPC Limited, the company urged Nigerians to disregard unfounded rumours assuring 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,” it stated.
Also, the Independent Petroleum Marketers Association of Nigeria, IPMAN, on Thursday said that there was no plan by its members to increase fuel price.
Speaking on Channels Television’s Sunrise Daily, IPMAN’s Public Relations Officer, Okanlawon Olanrewaju, said that there is no plan by fuel marketers to increase fuel price.
He said: “As far as the independent marketers are concerned, we don’t have plans or plans to increase fuel pump price, there is no basis for that for now. There is no signal from NNPC that we should increase so we cannot do that on our own except NNPC comes out and says we are going to increase pump price. On our own, there is nothing like that.”
“I want to use this opportunity to appeal to the public to stop panic buying. There is nothing like that (fuel price increment). It is just a rumour,” he stated.
