SERAP Sends Strong Message To FG Over Increase In Fuel Price

The Petroleum Products Pricing Regulatory Agency has announced a new price band of N140.80 to N143.80 per litre for Premium Motor Spirit, also known as petrol.
The PPPRA, in a circular dated July 1, 2020 to marketers, said, “After a review of the prevailing market fundamentals in the month of June and considering marketers’ realistic operating costs, as much as practicable, we wish to advise a new PMS pump price band of N140.80-N143.80 per litre for the month of July 2020.

Reacting to this, Socio-Economic Rights & Accountability Project (SERAP), took to its official Twitter page to send a strong message to the Nigerian government over the new price.

The tweet reads;

"We urge President Buhari to immediately reverse proposed upward review of the retail pump price of petrol from N121.50 to between N140.80 and N143.80 per litre.

Increasing fuel price in the middle of COVID-19 is unfair, illegal and a grave violation of human rights. The National Assembly leadership should move swiftly to stop this travesty, and side with the country's poorest and most vulnerable people.

Oil shouldn’t be a ‘curse’ for Nigerians; being endowed with natural resources ought to be a synonym for opportunities and development."

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