By JKNewsMedia
A TWO-day national forum will hold on July 23 and 24 as Nigeria’s Federal Government moves to address persistent challenges in petrol pricing and downstream supply regulation.
Francis Ogaree, Executive Director at the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), disclosed the initiative during a panel session at the 24th Nigeria Oil and Gas Energy Week in Abuja.
The upcoming event will bring together marketers, refiners, operators, and government representatives to discuss standard pricing benchmarks, feedstock access, and frameworks for stabilising the deregulated market in the post-subsidy environment.
Emphasising the role of dialogue in shaping future reforms, Ogaree stated that the forum aims to foster consistency and transparency across the downstream sector while encouraging sustained investment in local refining.
He highlighted that NMDPRA, despite being just over three years old, had made significant progress in licensing and infrastructure development.
On the complexities of fuel pricing, Ogaree noted its volatility worldwide but stressed Nigeria’s need for a system adapted to domestic realities.
He reiterated that the forum would serve as a strategic platform for collective decision-making on petrol pricing—particularly relevant as the country continues to navigate the post-subsidy era.
The NMDPRA’s convening of the forum signals an effort to institutionalise regulatory clarity and market stability amid persistent supply bottlenecks and pricing inconsistencies.
