The Nigeria National Petroleum Company Limited (NNPCL) has debunked speculation that it planned to increase pump price of premium motor spirit (PMS), commonly known as Petrol.
It was observed a sudden panic buying of Petrol by motorists and other users at Petrol Stations within Abuja on Friday evening.
But, in a terse statement posted on its verified social media handles on Friday, titled, “Important Notice”, the public oil company asked Nigerians to buy the best-quality products at the most affordable prices at NNPC Retail Stations nationwide.
NNPCL wrote: “Dear esteemed customers, we at NNPC Retail value your patronage, and we do not have the intention to increase our PMS pump prices as widely speculated.
“Please buy the best-quality products at the most affordable prices at our NNPC Retail Stations nationwide.”
