BusinessMarketsOil & GasNNPC Says No Plan to Increase Petrol Price, Cautions Against Panic Buying
ABUJA — The Nigerian National Petroleum Corporation (NNPC) has advised motorists to stop panic buying of Premium Motor Spirit (PMS) also known as petrol saying it has no plan to increase the ex-depot price in March. NNPC disclosed in a statement by its spokesman, Dr. Kennie Obateru, in Abuja on Sunday. The News Agency of Nigeria (NAN) reports that ex-depot price is the price at which depot owners sell products to marketers. The price determines...