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SERAP Seeks Reversal Of Petrol Price To N600 Per Litre
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against President Bola Tinubu, requesting a reduction in the petrol price from N845 per litre to N600 per litre.
The organisation, in a suit numbered FHC/ABJ/CS/1361/2024, filed last Friday by SERAP’s lawyer, Ebun-Olu Adegboruwa, at the Federal High Court in Abuja, is challenging the president over “the failure to direct the Nigerian National Petroleum Company Limited to reverse the apparently unlawful increase in the pump price of petrol.”
The lawsuit also addresses the “failure” to investigate allegations of corruption and mismanagement within the national oil firm.
The statement, made available to newsmen, yesterday, lists the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, and the NNPCL as respondents.
SERAP urged the court “to compel President Tinubu to direct the NNPCL to reverse the unjust, illegal, unconstitutional, and unreasonable increase in the price of petrol from N845 per litre to N600 per litre,” and urges him to “direct” the AGF and relevant anti-corruption agencies to investigate the allegations of corruption and mismanagement within the NNPC.
The organisation also called for the prosecution of “anyone suspected to be responsible for the alleged corruption and mismanagement in the NNPCL, provided there is sufficient admissible evidence, and to recover any proceeds of corruption,” noting that the increase in petrol prices is causing “immense hardship” among Nigerians.
Oil marketers have continued to criticise the NNPCL’s firm grip on the market, requesting direct access to petrol from the Dangote refinery.
The Federal Government, through the Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, announced last Friday in Abuja that the NNPCL would be the sole buyer of petrol from the refinery.
This followed the national oil firm’s statement that it was not the exclusive off-taker of products from the Dangote refinery and that the refinery was free to sell its petrol to any marketer.
However, SERAP’s statement noted that “the increase in petrol prices constitutes a fundamental breach of constitutional guarantees and the country’s international human rights obligations.
“Corruption in the oil sector and the lack of transparency and accountability in the use of public funds to support NNPC operations have led to persistent and unlawful hikes in petrol prices.
“Increasing petrol prices at a time when millions of Nigerians face worsening economic conditions is entirely inconsistent with constitutional and international obligations to ensure minimum living conditions compatible with human dignity”, it stated.
SERAP noted that the NNPCL “recently increased the price of premium motor spirit (PMS), also known as petrol, across its retail outlets. The price rose to N855 per litre, from about N600, with some instances exceeding N900 per litre.
“The apparent unlawful increase in petrol prices followed a scarcity caused by suppliers’ reported refusal to import petroleum products for the NNPCL over a $6 billion debt.
“The NNPC allegedly failed to remit USD 2.04 billion and N164 billion of oil revenues into the public treasury, as documented in the recently published 2020 annual report by the Auditor-General of the Federation,” among other issues.
No date has been fixed for the hearing of the suit.
Meanwhile, the NNPC announced on Saturday that it had mobilised 300 trucks to lift petrol from the Dangote refinery.
In a post on his official X handle, showing trucks lining up at the refinery, the spokesperson for the corporation, Olufemi Soneye, said, “NNPC Ltd trucks are arriving at the Dangote refinery in preparation for the scheduled petrol loading on Sunday, September 15, 2024. By the end of today (Saturday), at least 300 trucks will be stationed at the refinery’s fuel loading gantry.”
The Tide reports that a fleet of trucks was seen lifting the Premium Motor Spirit otherwise known as petrol at the Dangote Refinery, located in the Ibeju-Lekki area of Lagos State, yesterday.
Nigerians may experience an increase in the prices of premium energy products diesel and petrol as the Dangote Petroleum Refinery temporarily halts the sale of petroleum products in Naira.
“This decision is necessary to avoid a mismatch between our sales proceeds and our crude oil purchase obligations, which are currently denominated in US dollars,” the company said in a statement yesterday.
The $20billion refinery based in Lagos said the sales of its products in Naira have exceeded the value of Naira-denominated crude it has received from the Nigerian National Petroleum Company Limited (NNPCL).
“As a result, we must temporarily adjust our sales currency to align with our crude procurement currency,” the company explained.
The refinery said it remained committed to serving the Nigerian market and would resume the sale of its product to the local market in Naira as soon as it received crude cargoes from the NNPCL in Naira.
“As soon as we receive an allocation of Naira-denominated crude cargoes from NNPC, we will promptly resume petroleum product sales in Naira,” it said.
The announcement by the refinery comes amid its price war with the NNPCL.
As part of moves to reduce the strain on the US dollars, and guarantee price stability of petroleum products, the Federal Executive Council (FEC) in July 2024, directed the NNPCL to sell crude oil to Dangote Refinery and other local refineries in naira and not in United States’ greenback.
In the beginning of March 2025, the NNPCL said its Naira-denominated crude sales agreement with the Dangote Refinery was structured for six months with March 2025 as the expiration date.
The state company, however, said that talks were on to replace the contract, and that over 48 million barrels of crude oil have been made available to Dangote Refinery since October 2024 under the Naira-denominated arrangement.
The NNPCL also said it had made over 84 million barrels of crude oil available to the private refinery since it commenced operations in 2023.
Nigeria, Africa’s most populous nation, faces energy challenges, with all its state-owned refineries non-operational for decades until 2024. The country was heavily reliant on imported refined petroleum products, with the state-run NNPCL being the major importer of the essential commodities.
Fuel queues are commonplace in the country. Prices of petrol more than quadrupled since the removal of subsidy in May 2023 by President Bola Tinubu, from around ¦ 200/litre to about ¦ 1,000/litre, compounding the woes of the citizens who power their vehicles, and generating sets with petrol, no thanks to decades-long epileptic electricity supply.
Last December, the billionaire industrialist commenced operations at the facility situated in Lagos with 350,000 barrels a day. The refinery, which was initially bogged by regulatory battles, hopes to achieve its full capacity of 650,000 barrels per day by the end of the year. The refinery has begun the supply of diesel and aviation fuel to marketers in the country and now petrol.
Nigeria’s Quadri Aruna has overtaken Egypt’s Omar Assar to become Africa’s highest-ranked player in the world, now sitting at 18th in the week 12 ranking released on Tuesday.
Aruna moved up from 19th place in week 11 to 18th in the latest ranking, while Assar dropped from 17th to 19th.
Denmark’s Jonathan Groth took over Assar’s 17th place, moving up from 18th.
Despite finishing as runner-up at the 2025 ITTF Africa Cup, Aruna’s impressive performances at the WTT tournaments this year have boosted his ranking.
Aruna remains the only African male player to have reached the semi-finals of the WTT Contender Doha, repeating his 2023 feat earlier this year in January.
This achievement has propelled him ahead of Assar, who beat him to become the champion of the 2025 ITTF Africa Cup.
Aruna’s next tournament is the WTT Contender Chennai which serves off in India from March 23 to 20.
In the women’s singles, Egypt’s Hana Goda maintained her top spot in Africa, moving up one place to 26th in the week 12 ITTF ranking. Her compatriot, Dina Meshref, remained static at 33rd, holding her position as the second-best-ranked female player in Africa.
China’s Wang Chuqin retained his position as the second-best player globally, behind his compatriot Lin Shidong, who continues to hold the top spot. Japanese superstar Tomokazu Harimoto dethroned China’s Liang Jingkun as the third-best player in the world after his semifinal finish in Chongqing.
In the women’s ranking, the top five remained unchanged, with China’s Sun Yingsha holding onto her top spot after retaining her WTT Champions Chongqing title.
