The Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to promptly reverse the recent increase in petrol prices while a lawsuit questioning the Nigerian National Petroleum Company Limited’s (NNPCL) authority to raise fuel prices is pending before the Federal High Court in Abuja.

The latest price adjustments have seen petrol retailing for N998 per litre at NNPCL outlets in Lagos, a significant jump from the previous price of N855.

In Abuja, the price has risen to N1,030 from N897, with some stations in Lagos reportedly charging as much as N1,050.

This demand comes on the heels of SERAP’s lawsuit filed last month against President Tinubu and the NNPCL, addressing not only the failure to roll back the fuel price increase but also allegations of corruption and mismanagement within the NNPCL.

SERAP has consistently emphasized that these actions are crucial for the well-being of Nigerian citizens, especially amid the current economic challenges.

In an open letter dated October 12, 2024, and signed by Deputy Director Kolawole Oluwadare, SERAP argued that the recent price hikes undermine the integrity of the ongoing court case, risking the possibility of justice being obstructed.

The organization highlighted that one of the fundamental tenets of the rule of law is its application to everyone, including presidents and executives of public organizations.

SERAP’s letter asserted that maintaining the purity and clarity of the judicial process is vital for public trust in the legal system.

It stressed that the recent increase in petrol prices could prejudice the case’s outcome and damage the public’s confidence in the court’s ability to deliver justice.

The letter referenced President Tinubu’s commitments since assuming office in May 2023, where he assured citizens that Nigeria would be governed in accordance with the Constitution and the rule of law.

SERAP expressed concern that raising fuel prices while the legal case is ongoing would contradict those assurances and undermine the government’s credibility.

In conclusion, SERAP requested that immediate measures be taken to reverse the price hike and comply with their request.

The organization warned that failure to do so may lead to contempt proceedings or other legal actions aimed at ensuring compliance in the public interest.

SERAP remains committed to holding public institutions accountable and fighting for the rights of Nigerians, emphasizing the necessity of transparency and good governance.