The Senior Advocate of Nigeria (SAN), Femi Falana, in an interview with VanguardLive TV, has claimed that the Federal Government was buying time towards increasing the fuel price.
Falana, who was responding to a question regarding the purported fuel price hike across the nation, stated that the PPRA who released a statement regarding fuel pricing lacks the constitutional power to do so.
According to him, such power as mandated by the International Monetary Fund (IMF) belongs to the market forces.
In a press statement obtained by Vanguard, the Agency noted that its releases which were quoted to be indicative of price hike “was only indicative of current market trends and do not translate to an increase in the pump price of PMS.
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