The Petroleum Products Pricing Regulatory Agency (PPPRA) has debunked the purported attempts to increase the pump price of Premium Motor Spirit (PMS) popular known as petrol by N5.00 per litre, describing it as a mere rumour, Leadership reports.

The executive secretary of PPPRA, Abdulkadir U. Saidu, in a statement issued in Abuja, yesterday, said the agency had observed the growing speculation of a purported imminent increase in the pump price of petrol and wished to refute all rumours of any proposed increase.

The statement added that as “the Agency of Government saddled with the responsibility of regulating petroleum products pricing, supply and distribution, we want to assure the Nigerian public that the subsisting pump price cap for PMS remains N145 per litre, across the country and as such, Nigerians should please ignore the speculation on price increase.”