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NNPC Ltd. Reassures Nigerians: No Plans for PMS Price Hike

NNPC Ltd. Reassures Nigerians: No Plans for PMS Price Hike

In a bid to dispel any concerns, the Nigerian National Petroleum Company (NNPC) Ltd. affirms that there are no immediate plans to increase the cost of Premium Motor Spirit (PMS), commonly referred to as petrol.

NNPC Ltd. urges the public to dismiss baseless rumors and guarantees that there are no intentions to review the PMS price upward.

Motorists across the nation are advised not to succumb to panic buying, as there is currently an abundant supply of PMS available throughout the country.

See the full statement below.

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.

Olufemi O. Soneye
Chief Corporate Communications Officer
NNPC Ltd.
Abuja

03 January 2024

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