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I Did Not Direct NNPCL to Raise Fuel Price to N1000-Lokpobiri

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2 years ago

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The Federal Government has refuted allegations that the Ministry of Petroleum Resources directed the Nigerian National Petroleum Company Limited (NNPCL) to set fuel prices at ₦1,000 per litre.

In a statement signed by Nnemaka Okafor, the Special Adviser, Media and Communication to the Minister for Petroleum Resources (Oil), Heineken Lokpobiri, on Tuesday, the government dismissed the claims as baseless and aimed at causing confusion within the oil industry.

The purported directive from Lokpobiri to the NNPCL was denounced by the Minister as “fabricated and poorly thought out.”

The statement read in part, “The Federal Government is compelled to address the outright falsehoods currently being circulated on social media, which claim that the Minister of Petroleum Resources (Oil), Senator Heineken Lokpobiri, has directed the Nigerian National Petroleum Company Limited to inflate petroleum prices above the approved pump price.

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“We categorically condemn these claims as baseless, malicious, and a deliberate attempt to incite public discontent. We challenge anyone in possession of any evidence written documents, audio, or video recordings that support these fabrications to make it public.

“Such a claim is entirely devoid of truth and should be recognised 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, 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.”

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