FG denies reinstating fuel subsidy, refuting claims circulating on the matter.

FG denies reinstating fuel subsidy. The Minister of State for Petroleum Resources and the Nigerian National Petroleum Company Limited refute reports of the reinstatement of petroleum subsidy under the Tinubu-led government.

Recent claims by former Kaduna state governor Nasir El-Rufari about ongoing fuel subsidy payments were addressed by the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, who challenged individuals making such assertions to provide evidence.

“I don’t want to delve into that issue. It is a very sensitive issue.

It is better we get all the facts. As far as I’m concerned, the President removed the subsidy and it remains removed till today.

Anybody who is saying that subsidy is being paid, it is left for the person to bring the facts and then we will talk about them.”

When questioned if the current petrol price is influenced by market dynamics, the minister responded

“While it may not be solely influenced by market forces, let us focus on addressing the current price.

Every government has a duty to do certain things, not only in the petroleum sector but in several other sectors, to be able to cushion the effect and burden on Nigerians.”

Additionally, Olufemi Soneye, the Chief Corporate Communications Officer of NNPC Plc, reiterated that the national oil company has halted the practice of subsidizing petrol.

“We are recovering our full costs from the products we import. It is important to emphasise that the subsidy is no longer in place. Contrary to allegations, the petrol subsidy has not been reinstated” he said

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