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<p dir="ltr"><i>Abuja, January 3, 2024 &#8211;</i> The Nigerian National Petroleum Company (NNPC) Ltd. issued a press release today to dispel speculations regarding an imminent increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol.</p><div class="fRA9ddlx" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p dir="ltr">The Chief Corporate Communications Officer, Olufemi O. Soneye, emphasized that the NNPC Ltd. categorically denies any plans for an upward review of the PMS price. He urged the public to disregard unfounded rumors and assured Nigerians that the current price remains unchanged.</p><div class="wXB1DK2p" style="clear:both;float:left;width:100%;margin:0 0 20px 0;"><script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script>

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<p dir="ltr">Soneye addressed concerns about potential panic buying, stating that there is no need for such actions as there is an ample supply of PMS across the country. Motorists nationwide are encouraged to continue their regular refueling routine without succumbing to unnecessary anxiety.</p>
<p dir="ltr">This announcement comes as a reassurance to the public, especially amid uncertainties that often arise regarding fuel prices. The NNPC Ltd. aims to maintain transparency and keep the citizens informed about the situation to avoid unnecessary disruptions.</p>
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<p dir="ltr">While the global energy market can be volatile, NNPC Ltd. affirms its commitment to ensuring a stable and affordable supply of petroleum products to meet the needs of the Nigerian populace. The corporation encourages the public to rely on official statements and dismiss any unverified information circulating on social media or other platforms.</p>
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<p dir="ltr">As the year begins, NNPC Ltd. remains steadfast in its efforts to provide consistent and reliable energy resources for the nation, fostering trust and confidence in the petroleum industry. The Chief Corporate Communications Officer concluded the release by stating that the corporation is dedicated to upholding the welfare of Nigerians by preventing any unjustified spikes in essential commodity prices.</p>
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<p dir="ltr">For further inquiries or clarification, the public is advised to contact NNPC Ltd.&#8217;s official communication channels.</p>
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