Nigerian Government has no power to deregulate, must fix petrol prices, court rules

President Goodluck Jonathan

The court granted all the reliefs sought by the plaintiff.

The Federal Government has no powers to deregulate the downstream petroleum sector and must always fix the price of petroleum products sold across Nigeria, a Federal High Court in Abuja has ruled.

Justice M. Bello on Tuesday morning gave the ruling in the case of Bamidele Aturu versus Minister of Petroleum Resources and the Attorney General of the Federation.

The judge granted the six reliefs sought by Mr. Aturu including the sixth which is “AN ORDER directing the Defendants to fix and publish regularly prices of petroleum products forthwith.”

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  • Philemon A.


  • Mpitikwelu_na_Ugwu_Awusa

    Still at a loss on the reason(s) for this decision. For now, I think it is an ignorant decision. Government has no business fixing prices. It is an anomaly in any free market economy. The judge is soliciting for contempt.

    • bashir yusuf

      If govt has no role in fixing prices, are u willing to buy a litre of pms for 1500 just because the cartel in the industry deem it appropriate,even when its against the principles of economics,demand and supply? Are u willing to buy diesel for 2500 per litre, just because otedola feels he needs more bucks to build his mansion off the coast of banana island? A reasonable govt needs to regulate and guide market indices,not in an overbearing manner,but things should be done with human face. Unregulated capitalism led to the recent global recession. And to add salt to injury nigeria is a crude oil producing nation,what excuse do we have? No one says nigerians should be free loading on cheap fuel,but things must be done reasonably. A sim card used to be sold for #50000 when GSM began in nigeria, how many nigerians were able to afford it back then,until it was crashed by glo,u might want to argue the same thing will happen eventually with PMS,many nigerians can do without making calls,is it realistic to do without petrol in nigeria today?