The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called for an African fuel price benchmark to enhance market transparency and reduce reliance on foreign pricing. Chief Executive Rabiu Umar made the announcement in Abuja ahead of the West Africa R
The NMDPRA has called for the establishment of an African fuel price benchmark to enhance market transparency and reduce reliance on foreign pricing indices, emphasizing the need for a regional pricing mechanism that reflects local market realities.
The NMDPRA is working to establish West Africa as a petroleum products pricing and trading hub, emphasizing the need for regional benchmarks. The second West Africa Refined Fuel Conference will take place in Abuja from August 11-12, 2025, focusing on attracting investments in inf
