A West Africa fuel benchmark would end the region's reliance on European price references, Nigeria's regulator argued in Abuja. Nothing has been signed.
WEST AFRICA · ENERGY
Key Facts
—The ambition: West Africa wants its own refined-fuel price benchmark rather than pricing off Europe. Nigeria’s regulator made the case at a conference in Abuja on 11 August.
—Who is pushing it: Rabiu Umar, Authority Chief Executive of the NMDPRA, who also chairs the West Africa Regulators Forum.
—Who is building the prices: Platts, part of S&P Global Commodity Insights, which co-hosted the conference.
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