Fuel Subsidy: Falana Tackles NNPCL As He Declares That Only Tinubu Can Fix Petrol Price

Date: 02-06-2023 10:51 pm (3 months ago) | Author: Olusanya Akinrinola
- at 2-06-2023 10:51 PM (3 months ago)
(m)

A human rights lawyer, Femi Falana, has claimed the Nigerian National Petroleum Company Limited (NNPCL) does not have the legal rights to fix or adjust the price of petrol.

Falana insists that the power to fix petrol lies with President Bola Tinubu, because there is no substantive Minister of Petroleum Resources.

On May 31, NNPCL announced it has adjusted petrol prices across its retail outlets.

NNPCL’s spokesman, Garba Deen Muhammad, cited “market realities” as the reason for the adjustment of the price.

But speaking in an interview with Channels Television on Friday, Falana said it was against the law that NNPCL or the so-called “invisible market forces” were fixing the price of petrol.

“The NNPC has metamorphosed into a limited liability company. It is now NNPC Limited. To that extent, NNPCs like Total, Exxonmobil, and Shell operating in the oil industry cannot announce increases in the prices of petroleum products. That duty is vested in the government.

“Nobody has the right in Nigeria to fix the prices of petroleum products other than the government. You have a price control act and at that time the petroleum act, now PIA,” Falana said.

Posted: at 2-06-2023 10:51 PM (3 months ago) | Hero
- kp45 at 3-06-2023 10:10 AM (3 months ago)
(m)
Exactly what I was saying. You don’t just wake up and fix pump price, even when subsidy is remove fuel is suppose to be sold at 300-400 you will still peg at 520 because one foolish man say so. The fool even said that even if our refinery start functioning price of fuel won’t still be reduce to tell you this criminals in the oil sector from nnpc boss to the least are evil.
Posted: at 3-06-2023 10:10 AM (3 months ago) | Hero
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