The Socio-Economic Rights and Accountability Project (SERAP) is demanding an immediate reversal of the latest increase in the price of petrol.
The organisation urged President Bola Tinubu “to direct the Nigerian National Petroleum Company Limited (NNPCL) to immediately reverse the second increase in petrol prices in one month, pending the hearing and determination of the suit before the Federal High Court, Abuja challenging the legality of the powers of the NNPCL to increase petrol prices.”
The latest increase has seen NNPCL outlets in Lagos sell a litre of petrol for ₦998 from the initial price of ₦855, while in Abuja, it went to ₦1,030 from ₦897.
Recall that in September 2024, SERAP filed a lawsuit against the president and NNPCL “over the failure to reverse the apparently unlawful increase in the pump price of petrol, and to probe the allegations of corruption and mismanagement in the NNPCL.”