Fuel Price: NMDPRA reveals details of meetings with Dangote Refinery, marketers

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA has revealed details of its meetings with Dangote Refinery, petroleum products marketers and retailers arsenic portion of efforts to curb anti-competitive petrol pricing successful Nigeria.

NMDPRA Chief Executive Officer, Rabiu Umar, said the authorities would nary longer let racketeers to pollute the sector.

Umar explained that NMDPRA had received submissions and suggestions from manufacture players connected the proposal, adding that the suggestions reflected genuine engagement aimed astatine improving the industry.

According to him, the Authority had signed a Memorandum of Understanding, MoU with the Federal Competition and Consumer Protection Commission, FCCPC to fortify regulatory coordination successful the lipid sector.

He said: “This is truthful a consultation successful the existent consciousness of the word. We are present to listen, to learn, and amended the draught wherever necessary.

“Our mandates are not needfully competitive. Our mandates are complementary. And arsenic a effect of that, we person signed an MoU with FCCPC to marque definite that we fortify the regulatory situation arsenic regards the petroleum midstream and downstream assemblage successful the country.”

He besides assured Nigerians that the NMDPRA would not dainty their contributions with kid gloves, arsenic stakeholders’ inputs would beryllium taken earnestly to sanitise the sector.

He said: “We par...