Politics
Nigeria: FG Battles Fuel Profiteering, Demands Pump Price Drop
Nigeria's Federal Government is cracking down on petrol marketers, ordering an end to exploitation despite deregulation. Minister Heineken Lokpobiri demands lower pump prices, reflecting global crude oil declines. The directive aims to protect consumers while aligning with the Petroleum Industry Act.
InformationNG·June 30, 2026AI-curated
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure petroleum marketers do not exploit Nigerians through excessive petrol prices despite the deregulation of the downstream sector. Minister of State for Petrol
nigeriapetrol pricesgovernanceeconomic policyheineken lokpobiri
This story was sourced from InformationNG and rewritten in SEVA editorial voice. Read the full original at the source.