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Home Business & Finance Business

NNPC denies claims of importing 200 million litres of petrol

Quadri Olaitan by Quadri Olaitan
February 19, 2025
in Business
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NNPC petrol import denial

The Nigerian National Petroleum Company Limited (NNPC) has denied reports claiming it imported 200 million litres of petrol in 2025

 

[dropcap]T[/dropcap]he Nigerian National Petroleum Company Limited (NNPC) has strongly denied recent reports suggesting it imported 200 million litres of Premium Motor Spirit (PMS), commonly known as petrol.

Also read: NNPC explains delays in Port Harcourt refinery completion

The state-owned oil firm clarified that it has not brought in any volume of petrol in 2025.

In an official rejoinder released on Tuesday in Abuja, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, dismissed the claim as either “lazy and unprofessional journalism” or a “deliberate, sponsored attempt by economic saboteurs to mislead the public.”

Soneye described the report as “completely false, baseless, and reckless,” stressing that attributing all petrol imports to NNPC is misleading.

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“Setting the record straight: NNPC Limited has not imported a single litre of PMS in 2025,” he asserted.

NNPC further explained that it does not regulate or control private marketers’ import activities. While the company has not imported petrol this year, there are no legal restrictions preventing it from doing so if necessary.

Soneye emphasised that NNPC remains committed to ensuring Nigeria’s energy security. If supply shortages arise, the company will take action to stabilise the market.

“As Nigeria’s foremost energy company, we have a responsibility to ensure energy security. Should any supply shortages arise, NNPC Limited retains the full right and responsibility to step in and import petrol,” he added.

NNPC condemned the spread of misinformation, warning that such false reports distort market realities and mislead stakeholders.

The company also threatened legal action against those responsible for fabricating and spreading falsehoods about its operations.

“NNPC Limited will not tolerate the spread of false and malicious reports aimed at undermining its reputation.

We will take all necessary legal measures to hold accountable those responsible,” Soneye stated.

Also read: NNPC explains delays in Port Harcourt refinery completion

The company urged media organisations to uphold journalistic integrity by verifying facts before publishing misleading narratives.

 

Quadri Olaitan
Quadri Olaitan

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