The Nigerian National Petroleum Company (NNPC) Ltd, Thursday allayed fears of Nigerians, saying there are no plans to increase pump prices of the Premium Motor Spirit (PMS), petrol.
A statement by its chief communications officer, Olufemi Soneye therefore urged motorists to shun panic buying.
Soneye assured Nigerians of availability of the products.
The statement reads in part: “NNPCL assures the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as 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.”
