NMDPRA warns marketers against fuel profiteering as crude prices fall

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued a warning to oil marketers against profiteering and arbitrary hikes in petroleum pump prices, emphasizing compliance with the Petroleum Industry Act 2021. This caution follows a recent drop in crude oil prices.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has warned oil marketers against profiteering and arbitrary increases in the pump prices of petroleum products. It insisted that prices must be cost-reflective in line with the provisions of the Petroleum Industry Act 2021. The warning comes barely two days after the Minister of State for Petroleum Read More: https://punchng.com/nmdpra-warns-marketers-against-fuel-profiteering-as-crude-prices-fall/