The Nigerian National Petroleum Company (NNPC) Limited says it has not reviewed the prices of premium motor spirit (PMS), also known as petrol, at depots.
The national oil company, on Sunday, took to its official Twitter page to deny claims suggesting a downward review of its prices.
The company advised the public and relevant stakeholders to disregard the information.
“It has come to the attention of the NNPC Ltd that the Company has reviewed ex-coastal, ex-depot and NNPC Retail prices. This is not true,” NNPC tweeted.
“It is fake news obviously concocted to cause confusion and to undermine the progressive drive of the NNPC to restore normalcy to the market.
“The general public and in particular industry operators at all levels should disregard this mischievous act of misinformation.
“NNPC Ltd remains focused and determined to reposition itself to provide value to its shareholders, while meeting its statutory obligation as provider of energy security for our country.”