No Plans to Increase Petrol Price

The Nigerian National Petroleum Company (NNPC) Limited has debunked reports that it plans to increase the price of petrol to N1,200 per litre.

Reports on Wednesday emerged that NNPC will announce a new increase in the price of fuel across the country.

The NNPCL said this in a statement issued by its spokesperson, Olufemi Soneye, on Wednesday, January 3, 2024.

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Soneye urged Nigerians to disregard what he described as “unfounded” rumours making the rounds in the country and not engage in panic buying of petrol.

He stated: “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.

“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.”