Government
Why the Government Cannot Control Fuel Prices in Nigeria
The Nigerian Mainstream and Downstream Petroleum Regulatory Authority (NMDPRA) has explained why it cannot fix petrol prices in Nigeria.
The Nigerian Mainstream and Downstream Petroleum Regulatory Authority (NMDPRA) has explained why it cannot fix petrol prices in Nigeria.
The downstream regulator says Nigeria’s Petroleum Industry Act limits government intervention in petrol pricing and permits market-based pump prices.
President Bola Tinubu has ruled out a return to fuel subsidies and promised cheaper public transport for Nigerians from October 2026.