The management of the Nigerian National Petroleum Corporation, NNPC has strongly dismissed the rumours that the Federal Government has concluded plans to hike the price of Premium Motor Spirit (PMS) fuel, which has led to unnecessary build up of fuel queues in Abuja and other parts of the country.

In a press statement by the Group General Manager of the Group Public Affairs Division of the Corporation, Dr. Levi Ajuonuma disclosed that the NNPC has well over 39 days sufficiency of PMS and other Petroleum products in stock. Dr. Ajuonuma described the rumoured hike in fuel price as baseless and unfounded and urged the Petroleum Tanker Owners to release their trucks for loading of petroleum products at various depots and loading facilities in Lagos now that the elections have been rounded up across the country.

“The NNPC wishes to inform Nigerians that the rumoured hike in the price of PMS by the Federal Government is false and a mere figment of the imagination of detractors of the nation. The Corporation also urges Petroleum Tanker owners and drivers to resume loading of Petroleum products in order to avoid any artificial scarcity of petroleum products as the Corporation has over 39 days of product sufficiency.”

The NNPC Spokesman called on the members of the Public to desist from engaging in panic buying of PMS.

Dr. Levi Ajuonuma

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