February 3, 2023

Federal Government Has No Intention Of Raising Prices – NMDPRA

1 min read

Nigerian Midstream and Downstream Petroleum Regulatory Authority on Wednesday said the Federal Government has no intention of increasing the price of PMS during this period.

According to a press release from the communications department of NMDPRA, it says that the Nigerian National Petroleum Corporation Limited (NNPCL) has imported PMS with current stock levels sufficient for 34 days.

“Consequently, Marketers and the general public are advised to avoid panic buying, diversion of products, and hoarding.

“In keeping with the Authority’s responsibilities as outlined in the Petroleum Industry Act (PIA), the Authority assures the public that it would continue to monitor the supply and distribution of all petroleum products nationwide, especially during this holiday season, the statement concluded.

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