BUSINESS

No increase in PMS price, NNPC Ltd assures Nigerians

Published

9 months ago

February 9, 2024

Emmanuella Anokam

The Nigerian National Petroleum Company (NNPC) Ltd. has assured the public that there is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.

The Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, in a statement on Thursday, urged Nigerians to disregard unfounded rumours.

Soneye assured the general public that there were no plans for an upward review of the price of PMS.

“Motorists nationwide are advised against engaging in panic buying, as there is presently ample availability of PMS across the country,” he said.

Related Topics:headline

Up Next

Glo, MTN resolve interconnect debt dispute, says NCC

Don't Miss

Bears persist on NGX, market capitalisation drops 481bn

Emmanuella Anokam

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.