The Nigerian National Petroleum Corporation (NNPC) has urged Nigerians to desist from panic buying of Premium Motor Spirit, more commonly known as petrol, as there is no plan to increase the price.

The Group General Manager, Group Public Affairs Division, NNPC, Garba Deen Muhammad who made this known in a statement said the Corporation is unaware of any plan by government to increase the pump price of fuel.

The statement said there is over 1.7 billion litres of petrol in stock and more product is expected to arrive into the country daily over the coming weeks and months.

However, NNPC adviced motorists to dispel any fear of scarcity of petrol throughout the festive season and beyond.

The NNPC further adviced motorists and other consumers of petrol to maintain their regular pattern of the purchase of petrol without getting into a panic situation that may send the wrong signals around the country.

The NNPC is also engaging all stakeholders to ensure smooth supply and distribution of products to every part of the country during the festive season and beyond.

Mypromptnews recalls that festive seasons were Marred by fuel scarcity, making it difficult for travellers until NNPC nipped the challenge in the bud.