The Nigerian National Petroleum Company Limited (NNPC ) has revealed that it has “no plan” to raise the pump price per litre of Premium Motor Spirit (PMS) also known as petrol.

This was revealed in a post by the company late Monday night, on its official X (formerly Twitter) handle, stressing that the national oil firm and major importer of petrol into Nigeria, had no intention to increase the pump price of petrol.

“Dear esteemed customers, we at NNPCL Retail value your patronage, and we do not have the intention to increase our PMS pump prices as widely speculated.

“Please buy the best quality products at the most affordable prices at our NNPCL Retail stations nationwide,” the company stated.

Access24 reports that oil marketers had on Sunday indicated that the cost of petrol would rise to between N680/litre and N720/litre in the coming weeks should the dollar continue to trade from N910 to N950 at the parallel market.

They also hinted that dealers seeking to import PMS were being forced to put the plans on hold due to the scarcity of foreign exchange to import the commodity.