NNPC to Nigerians: We’re not increasing petrol prices, avoid panic buying

The Nigerian National Petroleum Company Limited says the prices of petroleum products are not changing.

The NNPC asked Nigerians to avoid panic buying, in a statement on Thursday by Femi Soneye, its spokesperson.

The national oil firm said the limited availability of petrol in certain regions of the nation is a result of logistical problems.

However, the company said the challenge has been fixed.

“The Nigerian National Petroleum Company Limited (NNPC Ltd.) wishes to clarify that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is as a result of logistics issues and that they have been resolved,” the statement reads.

“It also wishes to reiterate that the prices of petroleum products are not changing.

“It urges Nigerians to avoid panic buying as there is a sufficiency of products in the country.”

On March 24, the NNPC denied adjusting the pump price of petrol across its retail outlets.

This came after the organisation had promised Nigerians that there would not be any increase in the cost of petrol on February 9.

The NNPC also reaffirmed its commitment to sustaining the current sufficiency in the supply of petroleum products across all its retail stations in the country.