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Petrol Price: FG directs NMDPRA to end profiteering by oil marketers
By Obas Esiedesa, Abuja The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to ensure that petroleum marketers do not exploit Nigerians through excessive pricing under the deregulated downstream market. Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, gave the directive on Monday in Abuja while delivering the […]
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saharareporters.com
FCCPC Threatens Nigeria’s Fuel Marketers With Sanctions Over High Petrol Prices Despite Crude Oil Crash
The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over what it described as the exploitation of consumers by operators in Nigeria's…
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punchng.com
Reflect global oil price drop in PMS prices, FG tells marketers
The Nigerian government has directed petroleum marketers to immediately reflect the recent decline in global oil prices by reducing PMS pump prices for con
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vanguardngr.com
Petrol Price: FG directs NMDPRA to end profiteering by oil marketers
By Obas Esiedesa, Abuja The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to ensure that petroleum marketers do not…
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africa.businessinsider.com
Nigeria orders crackdown on petrol pricing as crude oil drops from $120 to $72/barrel
Nigeria orders fuel regulator to tackle petrol price profiteering as crude oil prices fall, while seeking stronger consumer protection and investor confidence
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High fuel price: FG engages petroleum marketers, industry regulators
The Federal Government on Monday reaffirmed its commitment to ensuring fairness in the downstream petroleum sector, saying it is engaging petroleum marketers and industry…
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thisdaylive.com
At NMDPRA Legal Advisers’ Forum, FG Warns Oil Marketers against Profiteering
• Umar assures of certainty, predictability in regulatory environment
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FG orders marketers to reduce fuel price
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to ensure petroleum marketers do not exploit Nigerians through…
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Marketers reject fuel pricing curbs, threaten shutdown
Fuel marketers have declared that their filling stations will stop selling petrol should the Federal Government try to enforce price control. The National