SERAP (Socio-Economic Rights and Accountability Project) has urged President Bola Tinubu to reverse the recent petrol price hike by the Nigerian National Petroleum Company Limited (NNPCL) pending a court decision. The new prices have surged to ₦998 per litre in Lagos and ₦1,030 in Abuja, which is the second increase within a month. SERAP argues that the price hike undermines the ongoing Federal High Court case that challenges NNPCL's authority to increase prices, and it threatens public confidence in the judicial process. SERAP also highlighted concerns about corruption and missing public funds within NNPCL.
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