Petroleum Regulatory ,Break NNPC's Monopoly

Nigeria’s Petroleum Regulatory Authority Begins Licensing New Oil Marketers to Break NNPC’s Monopoly

Expansion of the Market the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has initiated the process of licensing additional oil marketers for the importation of petrol, aiming to break the monopoly previously held by the Nigerian National Petroleum Company Limited (NNPC). This move is expected to promote competition, potentially leading to a decrease in petrol prices for Nigerian consumers, provided there is no price fixing.

 

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