The Federal government has rubbished reports on social media suggesting that the Ministry of Petroleum has ordered NNPCL to sell fuel at N1,000, above the approved pump price.A report circulating in the media had claimed that the minister of Petroleum, Hon. Heineken Lokpobiri asked NNPC to sell fuel at N1,000....READ THE FULL ARTICLE HERE ▶▶
But in a swift reaction, the federal government, in a statement on Tuesday signed by Nnemaka Okafor and made available to newsmen rubbished the report, noting that it was concocted and ill-conceived to sow discord and confusion in the oil industry.
Nnemaka said, “There was never a time FG interfered with petroleum pricing with NNPCL, let alone give directives for price increment.
“The Federal Government is compelled to address the outright falsehoods currently being circulated on social media, which claim that the Honourable Minister for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has directed the Nigerian National Petroleum Company Limited (NNPCL) to inflate petroleum prices above the approved pump price.
“We categorically condemn these claims as baseless, malicious, and a deliberate attempt to incite public discontent.
“We challenge anyone in possession of any evidence, be it written documents, audio, or video recordings-that supports these fabrications to make it public.
“Such a claim is entirely devoid of truth and should be recognized as an intentional effort to mislead the public.
“It must be stressed that NNPCL operates as an independent entity under the Companies and Allied Matters Act (CAMA), with a fully empowered Board of Directors.
“The Ministry of Petroleum Resources does not, and will not, interfere in the internal decisions of NNPCL, including pricing matters. Any suggestion otherwise is not only incorrect but also reveals a profound misunderstanding of the deregulated nature of Nigeria’s petroleum sector.
“Most people do not realize that since the PIA was passed and signed in 2021 NNPC has moved from a government entity to a limited liability company and as such doesn’t take orders from the federal government and its decisions can’t be influenced.”
