Nigerian Midstream and Downstream Petroleum Regulatory Authority

By Emmanuel Onyedika The Federal Government has cautioned petroleum marketers against selling Premium Motor Spirit (PMS), commonly known as petrol, at prices that fail to reflect the recent decline in global crude oil prices. The warning was issued by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in a statement signed by its spokesperson, […]

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 in the deregulated downstream market.