Amid ongoing debate over who should set petrol prices and ensure product availability, the Nigerian National Petroleum Company Limited (NNPCL) has called for adherence to fairness, accuracy, and objectivity in media reporting on the oil and gas sector.
The appeal was made during a media engagement in Benin City, Edo State, where NNPCL’s Solomon Oseagah clarified that setting fuel prices falls under the jurisdiction of the Nigerian Midstream and Downstream Petroleum Regulatory Agency (NMDPRA), not NNPCL. NMDPRA is responsible for regulating midstream and downstream petroleum operations, including technical, operational, and commercial aspects.
Oseagah also addressed delays in the national refineries, revealing that the Port Harcourt and Warri refineries are nearing completion and will soon be commissioned by President Bola Tinubu. He highlighted NNPCL Group Chief Executive Officer Mele Kyari’s achievements, including increasing daily crude production from 900,000 to 1.6 million barrels and combating oil theft.
Regarding the Dangote Refinery, Oseagah noted that the Federal Government has supported its promoters with various forms of assistance, countering claims of conflict between the government and the refinery. He emphasized that NNPCL, under Kyari’s leadership, will continue to uphold professional standards in the sector.