West African petroleum regulators are advancing efforts to create a regional refined petroleum products market to establish credible pricing benchmarks. This initiative was a key focus at the 2026 WAFRFM Conference, emphasizing infrastructure and regulatory cooperation.
NMDPRA urged West African nations to establish their own fuel pricing benchmarks, reducing reliance on foreign markets. At the West Africa Refined Fuel Market Conference, Rabiu Umar emphasized the need for a pricing mechanism reflecting local conditions, while Heineken Lokpobiri
The Nigerian Midstream and Downstream Petroleum Regulatory Authority advocates for a regional fuel price benchmark in West Africa, arguing that local market conditions should dictate prices rather than external crises. This was stated by Chief Executive Rabiu Umar at a conference
