The Socio-Economic Rights and Accountability Project (SERAP) urging 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 in Abuja.

SERAP is challenging the legality of the powers of the NNPCL to increase petrol prices.

SERAP had last month filed the suit against the President and NNPCL over their failure to reverse what it described as unlawful increase in the pump price of petrol and to probe the allegations of corruption and mismanagement in the NNPCL.

SERAP said it shall consider contempt proceedings and other appropriate legal actions to compel the government and NNPCL to comply with its request in the public interest if the new pump price is not reversed.

In the open letter dated  October twelve, 2024 and signed by SERAP deputy director Kolawole Oluwadare, the organisation says thee latest increase in petrol prices makes a mockery of the case pending before the Federal High Court, and creates a risk that the course of justice will be seriously impeded or prejudiced in this case.