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In a recent statement, the Federal Government of Nigeria has categorically denied any involvement in the recent hike in petrol prices, asserting that it has not ordered the Nigerian National Petroleum Company Limited (NNPCL) to increase fuel prices. This response comes amid growing public concern over soaring fuel costs, which have significantly impacted the cost of living across the nation.
Government’s Denial
The government’s denial was articulated through a statement signed by Nnemaka Okafor, Special Adviser on Media and Communication to the Minister of Petroleum Resources, Heineken Lokpobiri. The statement condemned reports suggesting that the Ministry had directed NNPCL to sell fuel at prices exceeding the approved pump rate, labeling such claims as “baseless” and a “deliberate attempt to incite public discontent.”
The government emphasized that NNPCL operates as an independent entity under the Companies and Allied Matters Act and that it does not interfere with pricing decisions. The statement read, “We categorically condemn these claims as baseless, malicious, and a deliberate attempt to incite public discontent.”
Current Fuel Price Crisis
Despite the government’s assertions, petrol prices have surged dramatically in recent weeks, with reports indicating prices as high as N1,200 per litre at some stations. This spike has led to increased transportation costs and heightened frustration among citizens already grappling with economic challenges.
The deregulation of the petroleum sector has allowed both NNPCL and private marketers like Dangote Refinery to set their prices based on market forces. However, this has also resulted in widespread confusion and dissatisfaction among consumers who feel the burden of rising costs.
Public Reaction and Calls for Accountability
As fuel prices continue to rise, public sentiment is increasingly critical of government policies. Activists and ordinary citizens alike are demanding transparency in pricing mechanisms and accountability from both NNPCL and government officials.
The Socio-Economic Rights and Accountability Project (SERAP) has filed lawsuits against President Bola Tinubu over the failure to reverse what they describe as unlawful petrol price hikes. They argue that such increases disproportionately affect vulnerable populations already struggling with high inflation rates.
Conclusion
The Federal Government’s denial of responsibility for the petrol price hike comes at a time when many Nigerians are feeling the pinch of rising living costs. As citizens demand accountability and transparency from their leaders, it remains to be seen how the government will address these pressing concerns. With economic pressures mounting, the situation calls for urgent action to alleviate the burden on everyday Nigerians.
