NNPC: No Immediate Plans For Fuel Price Increase, Assures The Public

NNPC: No Immediate Plans For Fuel Price Increase, Assures The Public

In a statement released on Wednesday, the NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, dismissed rumors of an impending hike in the pump price of Premium Motor Spirit (PMS), commonly known as petrol. Motorists were urged not to engage in panic buying, as the oil firm assured the public of the current stability in petrol prices….CONTINUE READING

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NNPCL Emphasizes No Immediate Plans for Petrol Price Surge Addressing concerns raised by some oil marketers, NNPCL reiterated that there were no imminent plans for an upward review of PMS prices. The statement emphasized the availability of ample PMS across the country and urged Nigerians to disregard unfounded rumors about potential price hikes.

NNPCL Clarifies: No Subsidy on Petrol, Full Cost Recovery in Effect

Contrary to fears prompted by discussions about the unsubsidized cost of petrol, NNPCL clarified that there was no ongoing subsidy on the product. The company emphasized its commitment to recovering the full cost incurred in importing PMS into Nigeria, asserting its role as the sole importer of petrol in the country.

NNPCL: Motorists Advised Against Panic Buying, PMS Availability Assured

With concerns about the cost of petrol circulating among Nigerians, NNPCL encouraged motorists nationwide to refrain from panic buying, assuring them of the current widespread availability of PMS throughout the country. The oil firm sought to allay fears and maintain transparency regarding the pricing and supply of petrol.

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