Browsing Tag
NMDPRA
10 posts
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.
Petrol Importers Raise Depot Prices to N1,350 Per Litre
Petrol importers are raising depot prices to N1,350 per litre starting July 17, citing increased import costs and global shipping disruptions.
NMDPRA confirms deregulated fuel sector and strengthens consumer protection efforts
The NMDPRA has clarified that Nigeria's petroleum market is fully deregulated, with fuel prices set by market forces, while simultaneously ramping up consumer protection and monitoring efforts.
Government Commands NMDPRA to Stop Excessive Fuel Pricing
Minister Heineken Lokpobiri has tasked the NMDPRA with preventing fuel price exploitation and ensuring consumers receive accurate quantities at retail stations.
NMDPRA Issues New Petroleum Import Licenses to Seven Firms
To combat declining fuel reserves, the NMDPRA has authorized seven oil marketers to import petrol and diesel for the third quarter of 2026.
NMDPRA Plans Import Permits to Tackle LPG Supply Shortfall
The NMDPRA aims to stabilize domestic LPG prices and bridge a projected 165,000-metric-tonne supply gap by issuing import permits and redirecting exported gas back to local markets.