The Nigerian Nationwide Petroleum Company (NNPC) has suggested drivers to cease shopping for the Premium Motor Spirit (PMS), also called gasoline, in a panic, saying it has no plans to extend the ex-deposit worth in March.
NNPC launched in a press release from its spokesman, Dr. Kennie Obateru, in Abuja on Sunday.
The ex-deposit worth is the worth at which the deposit homeowners promote merchandise to retailers.
The worth determines how a lot retailers will promote to drivers at their varied gasoline stations.
“Opposite to hypothesis of an imminent improve within the worth of PMS within the nation, the NNPC dominated out any improve within the ex-deposit worth of gasoline in March.
“The company was not considering any improve within the worth of gasoline in March, so as to not undermine ongoing commitments to organized work and different stakeholders in a suitable construction that doesn’t expose the typical Nigerian to any problem,” he mentioned.
Obateru additionally warned oil merchants to not become involved in arbitrary worth will increase or oil accumulation, so as to not create synthetic shortage and pointless hardship for Nigerians.
He added that the corporate had a ample provide of gasoline to keep up the nation’s provide for greater than 40 days and urged drivers to keep away from shopping for in a panic.
He additionally known as on the related regulatory authorities to accentuate monitoring of merchants’ actions with a view to punishing these concerned in hoarding merchandise or arbitrarily elevating the worth on the pump.