The Federal Government of Nigeria, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has officially scheduled a national petrol pricing summit for July 23–24, 2025. The two-day forum will convene key stakeholders—including operators, marketers, refiners, and government officials—to discuss:
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Establishing standard pricing frameworks for Premium Motor Spirit (PMS)
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Ensuring feedstock adequacy to support refining capacity
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Promoting market stability in Nigeria’s deregulated downstream oil sector
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Francis Ogaree, Executive Director at NMDPRA, confirmed the dates at the 24th Nigeria Oil & Gas Energy Week in Abuja, highlighting the summit’s role in building a fair and resilient post-subsidy pricing system.
Several industry voices have voiced their concerns:
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Independent marketers, led by Billy Gillis‑Harry (PPROA), have demanded greater transparency, especially after price fluctuations linked to Dangote Refinery’s sudden pricing decisions.
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PENGASSAN (Oil & Gas Senior Staff Union) insists that PMS should be priced between ₦700 and ₦750 per litre, accusing marketers of inflating prices.
Ogaree also highlighted Nigeria’s current refining landscape, noting 10 operational or near-operational refineries: three NNPC, one Dangote (650,000 bpd), and six modular setups. Additional plants, with capacities ranging from 1,000 to 200,000 bpd, are expected to begin operations in 2026. He emphasized that feedstock supply remains a critical issue for downstream stability.
