Fuel Price Hike: FG won’t interfere in internal decisions of NNPCL —Lokpobiri

Heineken Lokpobiri

The Federal Government has categorically denied reports suggesting that it directed the Nigerian National Petroleum Company Limited (NNPCL) to sell petrol at N1,000 per litre. 

This clarification was made in response to recent media claims that the Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, had authorized such a price hike.

In a statement released on Tuesday, the government emphasized that these reports are baseless and malicious. 

Nneamaka Okafor, Special Adviser to the Minister of State for Petroleum Resource, in the statement, said there has never been any interference by the Federal Government in the pricing decisions of NNPCL. Okafor challenged those spreading these rumors to provide any evidence supporting their claims.

“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 incorrect and reveals a profound misunderstanding of the deregulated nature of Nigeria’s petroleum sector.”









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