NMDPRA Urges Nigerians To Avoid Panic Buying Of Fuel Amid Stable Supply
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has appealed to Nigerians to desist from panic buying of petrol and other petroleum products, assuring the public that there is no shortage in supply across the country.
In a statement issued by the Authority’s Public Affairs Department and signed by Director George Ene-Ita, the agency confirmed that there is a robust domestic stock of petroleum products such as Automotive Gas Oil (AGO), Premium Motor Spirit (PMS), and Liquefied Petroleum Gas (LPG). These supplies, it noted, are sourced from both local refineries and imports, with continuous replenishment at storage depots and filling stations to meet the nation’s needs during this high-demand period.
NMDPRA emphasized that it is actively monitoring the market to prevent hoarding, artificial scarcity, or unjustified price increases by marketers. The Authority warned that such actions only fuel public anxiety and disrupt normal distribution, assuring citizens that regulatory measures are in place to sustain smooth operations in the midstream and downstream sectors.
The statement also clarified an important policy update, the proposed 15% ad-valorem import duty on imported Premium Motor Spirit (PMS) and Diesel has been suspended, easing concerns about potential price hikes or market instability.
“The Authority will continue to closely monitor the supply situation and take appropriate steps to prevent any disruption in the distribution of petroleum products nationwide,” the statement read.
NMDPRA further expressed appreciation to all industry stakeholders for their continued cooperation and contributions toward maintaining stability within the sector. It reaffirmed its commitment to energy security, ensuring that Nigerians continue to enjoy uninterrupted access to essential petroleum products.
With this assurance, the Authority urged the public to remain calm, avoid unnecessary stockpiling, and trust in its ongoing efforts to keep fuel supply steady across the nation.
