The Federal government has debunked reports making the rounds on social media that the Ministry of Petroleum has ordered NNPCL to sell fuel at N1000 per litre.
In a statement by the Special Adviser to the Minister of State for Petroleum, Nnemaka Okafor, the federal government denied the report, noting that it was ill-conceived to spread confusion in the oil industry.
It said there was never a time that the Federal Government interfered with petroleum pricing with NNPCL, let alone giving directives for price increment.
The statement condemned the claims as baseless, malicious, and a deliberate attempt to incite public discontent, challenging anyone in possession of any to make it public.
It further stressed that NNPCL operates as an independent entity under the Companies and Allied Matters Act (CAMA), with a fully empowered Board of Directors.
The statement emphasised that the Ministry of Petroleum Resources will never interfere in the internal decisions of NNPCL, including pricing matters.