NMDPRA invites stakeholders to shape new petroleum products pricing framework

Abdullateef Fowewe

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued a public notice calling for stakeholder input on a new Petroleum Products Pricing Framework, in line with the Petroleum Industry Act (PIA), 2021.

In the notice published on its official channels on Wednesday and signed by the Authority Chief Executive, Rabiu Abdullahi Umar, the Authority stated that the move is “in compliance with Sections 32 & 122 of the Petroleum Industry Act (PIA), 2021 requiring consultation with stakeholders prior to establishing a pricing framework.”

NMDPRA is inviting “licensees, refiners, petroleum products importers, wholesale suppliers, marketers, depot and terminal operators, transporters, distributors, industry associations, permit holders and other interested stakeholders in the midstream and downstream petroleum sector” to review the proposed framework and submit technical and commercial inputs.

Submissions must follow the prescribed format available on the Authority’s website (www.nmdpra.gov.ng) and should be sent to nmdpra-pricingandtariff@nmdpra.gov.ng. They are required “not later than 21 days (on or before 9th December 2026) from the date of this notice.”

The consultation aims to develop a framework that “promotes transparency, competition, market efficiency and appropriate regulatory oversight.”

A Stakeholders’ Consultation Forum is scheduled to hold in Abuja on 5th January 2027 at 10.00am.

Stakeholders have been urged to visit the NMDPRA website for the full consultation document and further details.