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The Nigerian National Petroleum Company Ltd (NNPCL) has said that there are no immediate plans for a hike in the cost of Premium Motor Spirit (PMS), commonly known as petrol.

In a statement released on Wednesday and signed by NNPCL’s Chief Corporate Communications Officer, Olufemi O. Soneye, the company urged Nigerians to dismiss unfounded rumours and assured them that there are no impending reviews of the PMS price.

NNPCL said, “Motorists nationwide are advised against engaging in panic buying, as there is presently ample availability of PMS across the country”.

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