Browsing Tag
NMDPRA
15 posts
Federal Government Launches Crude Oil Trading Platform to Streamline Domestic Supply
The federal government has unveiled an automated trading platform to streamline the domestic supply of crude oil to local refineries like Dangote, aiming to reduce import reliance.
Daily Petrol Usage Drops by 600,000 Litres
Nigeria's daily petrol consumption fell to 47.4 million litres in June 2026, marking a 600,000-litre daily decrease compared to the previous year as market deregulation continues to influence demand.
Representative Ugochinyere Promotes Regional Fuel Pricing Standard for West Africa
Rep. Ikenga Ugochinyere has pledged to support legislation creating a regional fuel pricing benchmark for West Africa to reduce dependence on foreign market indices.
Nigeria Initiates New Regulations to Curb Unfair Competition in Petroleum Market
The Nigerian government is seeking public input on new draft regulations designed to eliminate anti-competitive behavior in the midstream and downstream energy sectors.
Rabiu Umar Emphasizes Need for Adaptive Energy Regulation
NMDPRA chief Rabiu Umar advocates for modernized, digital-focused regulatory processes to keep pace with Nigeria's evolving energy sector.
Nigeria records ongoing drop in cooking gas costs
Liquefied Petroleum Gas prices in Nigeria have fallen over the last three weeks due to an influx of imports, according to recent market surveys.
Cooking gas supply increases to 5.1 metric tonnes daily, reports NMDPRA
NMDPRA data shows LPG supply hit 5.1 metric tonnes daily in June, while retail prices for cooking gas have significantly dropped across Lagos following government-mandated distribution orders.
IPMAN Challenges NMDPRA Import Permits as Local Fuel Prices Remain Competitive
IPMAN has petitioned the NMDPRA to reconsider petrol import licenses, arguing that locally refined fuel is cheaper and more sustainable than increasingly expensive imported supplies.
IPMAN raises alarm over surging import licences and potential fuel price hikes
IPMAN warns that an increase in petrol import licences is inflating fuel prices and straining the naira, urging the government to prioritize domestic refining to ensure stability.
Nigeria records 207% jump in petrol imports as local refining dips
New data from the NMDPRA reveals a sharp 207% increase in Nigeria's petrol imports during June 2026, driven by a decline in local refinery output and crude oil supply constraints.