We Didn’t Ask NNPC to Increase Pump Price to N1,000 – Tinubu’s Government
Read What Petroleum Minister Heineken Lokpobiri Says About Hike in Pump Price
The statement read, “The Federal Government is compelled to address the outright falsehoods currently being circulated on social media, which claim that the Minister of state Petroleum Resources (Oil), Senator Heineken Lokpobiri, has directed the Nigerian National Petroleum Company Limited (NNPCL) to inflate petroleum prices to one thousand Naira (N1000) above the approved pump price.
“We categorically condemn these claims as baseless, malicious, and a deliberate attempt to incite public discontent.
“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.
“The public is hereby strongly advised to dismiss these malicious rumours. The Minister cannot, and does not, direct NNPCL or any other entity within the sector to manipulate prices. Any claim to the contrary is nothing more than an il- conceived attempt to sow discord and confusion.
“We urge all Nigerians to remain vigilant and rely solely on information from verified and official channels
“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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