{"id":114214,"date":"2024-09-03T18:41:10","date_gmt":"2024-09-03T17:41:10","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=114214"},"modified":"2024-09-03T18:41:10","modified_gmt":"2024-09-03T17:41:10","slug":"fg-denies-purported-directive-to-nnpcl-to-increase-petrol-price","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-denies-purported-directive-to-nnpcl-to-increase-petrol-price\/","title":{"rendered":"FG denies purported directive to NNPCL to increase petrol price"},"content":{"rendered":"<p>The Federal Government has denied that it had given the go-ahead to the Nigerian National Petroleum Corporation Limited to sell petrol at N1,000 per litre.<\/p>\n<p>Minister of State for Petroleum Resources, Senator Heineken Lokpobori, issued the denial in a statement on Tuesday<\/p>\n<p>The statement, signed by the Special Adviser to the Minister of State for Petroleum Resources, Nnemaka Okafor, said: \u201cThe 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.<\/p>\n<p>\u201cWe categorically condemn these claims as baseless, malicious, and a deliberate attempt to incite public discontent.<\/p>\n<p>\u201cWe challenge anyone in possession of any evidence \u2013 be it written documents, audio, or video recordings \u2013 that supports these fabrications to make it public.<\/p>\n<p>\u201cSuch a claim is entirely devoid of truth and should be recognized as an intentional effort to mislead the public.<\/p>\n<p>\u201cIt 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.<\/p>\n<p>\u201cThe Ministry of Petroleum Resources does not, and will not, interfere in the internal decisions of NNPCL, including pricing matters.<\/p>\n<p>\u201cAny suggestion otherwise is incorrect and reveals a profound misunderstanding of the deregulated nature of Nigeria\u2019s petroleum sector.\u201d<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Federal Government has denied that it had given the go-ahead to the Nigerian National Petroleum Corporation Limited to sell petrol at N1,000 per litre. Minister of State for Petroleum&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":114215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-114214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FG denies purported directive to NNPCL to increase petrol price - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/exclusive\/fg-denies-purported-directive-to-nnpcl-to-increase-petrol-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FG denies purported directive to NNPCL to increase petrol price - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"The Federal Government has denied that it had given the go-ahead to the Nigerian National Petroleum Corporation Limited to sell petrol at N1,000 per litre. 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