…pump prices nationwide. According to him, the Federal Government’s intervention in the downstream petroleum sector should not be seen as a fuel subsidy. “We are appealing to the Federal Government to broker a deal with Dangote Refinery to reduce fuel prices. “The government should intervene with Nigerian refiners, and…

…specifications of products entering the Nigerian market. The concerns come as Nigeria’s downstream petroleum sector undergoes a structural transition from longstanding import dependence towards greater domestic refining. With a capacity of 700,000 barrels per day, Dangote Petroleum Refinery has emerged as a major suppl…

…have accused Ikenga Ugochinyere, Chairman of the House of Representatives Committee on Downstream Petroleum, of turning Nigeria's refinery rehabilitation programme into a political instrument ahead of the 2027 general elections.TMA President Mustapha Mohammed made the accusation in a statement on Sunday, August 30, res…

…Dare further cautioned that preferential crude pricing could distort competition in the downstream petroleum sector, adding that such an arrangement could risk creating artificial monopolies, destabilising smaller indigenous modular refiners and conflict with the deregulatory provisions of the Petroleum Industry Act. H…

…comes as motorists continue to monitor petrol prices amid fluctuations in the downstream petroleum market.For independent marketers, reducing the amount of money spent on logistics could provide additional room to compete on retail prices while maintaining their businesses.IPMAN wants northern states includedDespite ap…

…petrol at the same price.Still, the expansion marks another major shift in Nigeria’s downstream petroleum market as Dangote Refinery seeks to move more locally refined petrol directly to marketers while cutting the costs associated with distribution.Landing cost: Dangote's new petrol price N53 lower Legit.ng earlier re…

…consequently putting pressure on depot operators and could intensify competition in the downstream petroleum market.Depots hike petrol pricesLegit.ng earlier reported that petrol depot prices rose across Nigeria's key petroleum hubs on Tuesday, August 11, 2026, as global crude oil prices pushed towards $90 per barrel,…

…on NNPC's pricing strategy as competition intensifies across Nigeria's deregulated downstream petroleum market.Analysts rule out fresh petrol subsidyFinancial analyst Osas Igho said NNPC's lower price should not automatically be interpreted as a return of petrol subsidy.According to him, NNPC also sources petrol from t…

…surged by 1,400 percent in June, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Cooking gas update in Nigeria after Dangote, depot owners reduce LPG prices

…Upstream Petroleum Regulatory Commission, NNPC Limited, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, the National Boundary Commission and the Office of the Surveyor-General of the Federation. Shehu said the partnerships were aimed at improving revenue monitoring, resolving attribution disputes…

Nigeria to refine all crude locally by 2030 - NMDPRA The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says Nigeria plans to allocate all of its crude oil production to the domestic market by 2030 as local refining capacity expands.According to a report by S&P Global, Nigeria produced 1.74 m…

…and preventing excessive market concentration. The report stated, “The Nigerian downstream petroleum sector enters the second half of 2026 at a defining moment. The structural transition from an import-dependent market to one supported by significantly expanded domestic refining capacity has largely been achieved. “The…

…position, its Executive Secretary, Olufemi Adewole, urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to establish clear operating-stock guidelines as provided under Section 182 of the Petroleum Industry Act (PIA). He said the guidelines should provide transparent standards for stock m…

…aviation fuel market over the past 13 months. An analysis of the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s latest petroleum supply statistics showed that between June 2025 and June 2026, there was no recorded import of aviation fuel by Oil Marketing Companies, making domestic refineries the exc…

…Association of Nigeria has urged the Federal Government and the Nigerian Midstream and Downstream Petroleum Regulatory Authority to urgently reassess recently issued fuel import licences.IPMAN’s National Publicity Secretary, Chinedu Ukadike, warned that the current policy could worsen pump-price inflation and place add…

…to 1.5 kilotonnes per day (KT/d) in June 2026, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).The figures were contained in the NMDPRA Fact Sheet for June, released on Friday, July 17, 2026, which highlighted a dramatic increase in imports aimed at addressing supply shortages…

…will be the one to pay through their nose. The FCCPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have a whole lot of protection to do for Nigerians, to make sure that operators are properly checked and undue advantage is not taken of Nigerians in terms of pricing, from wholesale traders dow…

…fell by 22 per cent, according to the latest data released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority. The development marked a sharp reversal from the pattern recorded at the beginning of the year when domestic refining was supplying the bulk of the country’s petrol requirements. The NMDPR…

…effectiveness of Operation Whirlwind. “We also applaud the Nigerian Midstream and Downstream Petroleum Regulatory Authority for its technical proficiency and regulatory oversight, which help ensure that enforcement measures adhere to best practices while effectively addressing weaknesses in the distribution network,” A…

…of Lagos has once again exposed deep-rooted structural deficiencies in Nigeria’s downstream petroleum logistics chain, despite years of government interventions aimed at restoring order to the nation’s busiest fuel distribution hub. Read Also: APAPA GRIDLOCK: Mayhem as presidential task force, LASTMA abandon road Every…

…climbed across several petroleum depots in Lagos, reflecting mixed trends in Nigeria's downstream petroleum market. Meanwhile, the global crude oil prices suddenly surged sharply on Wednesday, with international benchmark Brent crude climbing close to the $80 per barrel mark, signalling renewed strength in the oil mark…

…gradually help rebalance the aviation fuel market. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority showed that the Dangote refinery exported an estimated 1.66 billion litres of refined petroleum products in April 2026. This was during the mounting tensions in the Middle East that caused d…

…from the previous price and is expected to further intensify competition in Nigeria's downstream petroleum sector. The new N50-per-litre ex-gantry price reduction marks the second cut within seven days, bringing the price down from N1,175 to N1,125 per litre and now to N1,075 per litre. Findings by The PUNCH on Thursda…

…& Obas Esiedesa LAGOS - The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to ensure petroleum marketers do not exploit Nigerians through excessive pricing under the deregulated downstream petroleum market. Minister of State for Petroleum Resources (Oil), S…

…the recent surge in the price. The government directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and other regulators to intensify market surveillance, investigate product hoarding and diversion, and sanction operators found manipulating the market. Minister of State for Petroleum R…