By MBAFAN ADE, Abuja –
The Nigerian National Petroleum Company (NNPC) Ltd. has said there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.
Chief Corporate Communications Officer, NNPC Ltd, Mr Olufemi Soneye, stated this in a statement issued on Wednesday in Abuja
Mr. Soneye urged Nigerians to disregard unfounded rumours of increase in the pump price of petrol.
He assured the public that there were no plans for an upward review of the price of petrol.
“Motorists nationwide are advised against engaging in panic buying as there is presently ample availability of petrol across the country,” he said.
Media reports making the rounds on Wednesday alleged that fuel marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) clashed with the NNPC Ltd over payment of subsidy.
Soneye, while reacting through a WhatsApp message, emphasised that subsidy had been completely removed on petrol.
He also said the company did not have any dispute with IPMAN over any subsidy payment on petrol as alleged.
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