NNPCL refutes plan to increase fuel price


The Nigerian National Petroleum Company (NNPC) Ltd has denied any imminent hike in the pump prices of Premium Motor Spirit (PMS), popularly known as petrol.

Some motorists have recently reported difficulties purchasing petrol at filling stations, raising concerns that the government may raise the price of the critical commodity. The circumstance resulted in the recurrence of massive queues at various filling stations in Lagos State, causing traffic congestion in some areas.

But in a statement on Thursday, NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, urged Nigerians against panic buying of petrol.


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

“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.”