NMDPRA sets new conditions for petrol import licences
The NMDPRA has set new conditions for petrol import licences, which will now be based on merit and transparently determined supply shortfalls. Read More: https://punchng.com/nmdpra-sets-new-conditions-for-petrol-import-licences/
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has introduced new conditions for petrol import licences, emphasizing merit-based criteria and transparent determination of supply shortfalls. The Authority's Chief Executive, Rabiu Umar, announced these changes at the 2026 OTL Africa Downstream Energy Week in Lagos.
Umar highlighted that domestic refineries now supply about 75% of the petrol, while imports have halved within a year. The shift towards local refining has bolstered energy security by reducing dependence on petroleum imports. Umar cautioned against complacency, stressing the need for a diverse supply base and support for smaller refineries and state-owned refineries.
The NMDPRA will maintain access to import channels to ensure market stability and is working to strengthen competition through consultations on proposed regulations. The regulator aims to ensure fair and transparent market practices, with the ultimate goal of improving the ease of doing business in the sector.
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