NMDPRA Explains Rising Petrol Prices in Nigeria

The Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has explained that the ongoing fluctuations in petrol prices across Nigeria are due to a series of supply-related factors under the current deregulated framework. George Ene-Ita, the head of public affairs at NMDPRA, provided this explanation during an interview with the News Agency of Nigeria (NAN) on Sunday, September 6, 2026.

He indicated that the full deregulation of petrol prices means that all variables within the supply chain, including crude oil procurement, domestic refining, and logistics delays, are reflected in consumer prices at the pump. Additionally, he noted that landing costs, transportation expenses, and taxes also contribute to the final price.

Ene-Ita confirmed that refinery pricing templates and ex-depot prices are not regulated under the current framework. He suggested that enhancing the domestic refining sector could alleviate pricing pressures.

Despite deregulation, NMDPRA collaborates with stakeholders and the FCCPC to maintain fair pricing for consumers.