Only President Tinubu Has Powers To Fix Fuel Prices, Not Limited Liability Company Like NNPCL – FalanaSaharaReporters had reported that the NNPCL recently adjusted the fuel pump price across its mega
filling stations across the 36 states of the federation and the Federal Capital Territory, Abuja, following Tinubu’s announcement of fuel subsidy on his inaugural day.Nigerian human rights lawyer, Femi Falana, SAN, has said that only President Bola Tinubu has the power to fix the national pump price of fuel and not the Nigeria National Petroleum Company Limited .
He argued that since the current government was yet to appoint a Minister of Petroleum, such responsibility now rested with Tinubu. “So, you ask the NNPCL: ‘Where have you got the powers to fix the prices of petroleum products, or the price of petrol, this time around, from N185 thereabouts to N540?’ So, how? The clarification is important.”
He said, “No, the visible market forces cannot under the Nigerian Constitution and under the PIA fix the prices of petroleum.
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