Browsing Tag
NMDPRA
15 posts
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.