No increase in PMS Prices ,NNPCL, IPMAN assure Nigerians
There is no imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol in the country , according to the Nigerian National Petroleum Company (NNPC) Limited has assured Nigerians not to panic.
In a statement issued by the NNPC Ltd Chief Corporate Communications Officer, Olufemi Soneye, the company urged citizens to disregard unfounded rumours, adding that there are no plans for an upward review of petrol prices.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) also cautioned Nigerians against panic-buying of fuel and refuted rumours of an impending increase in the pump price of PMS.
According to a recent report, tensions have risen between fuel marketers and NNPCL concerning ongoing government subsidy payments.
This conflict has given rise to concerns that the discontinuation of under-recovery of fuel costs might push the commodity’s price to N1, 200 per litre.
However, Okanlawon Olanrewaju, the Public Relations Officer of IPMAN, stated on Channels Television on Thursday that fuel marketers have no intentions to raise fuel prices.
“As far as the independent marketers are concerned, we don’t have plans or plans to increase fuel pump price,” he said on Thursday.
“There is no basis for that for now. There is no signal from NNPC that we should increase. So, we cannot do that on our own except NNPC comes out and says we are going to increase pump price. On our own, there is nothing like that.
“I want to use this opportunity to appeal to the public to stop panic buying. There is nothing like that (fuel price increment). It is just a rumour,” he said.
In addition, NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, said in an earlier statement on Wednesday that Nigerians should disregard rumours of a possible hike in petrol prices.
The oil firm further urged motorists not to be involved in panic buying, as it stressed that the company had no plan to raise the cost of the product.
“NNPC Ltd assures the public that there is no imminent increase in the cost of Premium Motor Spirit, 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,” the statement reads.