While distancing itself from direct price-fixing, the Authority said it retains regulatory powers to address anti-competitive conduct in the downstream petroleum sector.

It cited Section 216 of the PIA, which empowers it to tackle price-fixing, anti-competitive practices and abuse of market dominance.

The NMDPRA also said petroleum operators must continue to comply with applicable regulatory requirements and fair-trade standards, even under a deregulated pricing system.

As part of efforts to protect consumers, the regulator disclosed that it is collaborating with the Federal Competition and Consumer Protection Commission (FCCPC) under a memorandum of understanding.

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The partnership is intended to monitor and address practices such as price-gouging, collusion, under-dispensing and the sale of petroleum products that fail to meet quality standards.

The Authority said reports of such conduct could trigger regulatory investigation and enforcement action where necessary.

Border Surveillance and Consumer Complaints

The NMDPRA further disclosed that it is working with the Nigeria Customs Service (NCS) and other security agencies to intensify surveillance along border corridors.

The operation is aimed at curbing the illegal diversion of petroleum products across Nigeria’s borders, while supporting supply stability within the domestic market.

The regulator also announced plans to establish dedicated feedback and reporting channels for members of the public and industry stakeholders.

Through these channels, consumers and operators will be able to report unusual pricing patterns and other suspected exploitative practices for investigation.

The Authority said complaints received through the proposed channels would be reviewed, with enforcement measures taken where appropriate.

The announcement signals that, although the regulator does not set pump prices, it intends to remain involved in monitoring market conduct and responding to complaints within its statutory powers.

Rising Petrol Costs Continue to Weigh on Nigerians

The NMDPRA acknowledged that recent petrol price increases have placed considerable pressure on households, transport workers and businesses.

Higher fuel costs can affect transport fares and operating expenses for businesses that depend on petrol-powered vehicles, generators and other equipment.

However, the Authority’s statement did not announce a reduction in pump prices or a new government pricing template. Instead, it focused on the legal framework governing deregulation and the regulator’s responsibility to promote fair competition and consumer protection.

The NMDPRA maintained that its mandate under the PIA includes supporting energy security, ensuring fair competition and protecting consumers, while operating within the law.

Its clarification comes as Nigerians continue to monitor petrol prices at filling stations, with the regulator pointing to market-based pricing alongside continued oversight against unfair practices.

The practical impact of the announced monitoring and complaint channels will depend on their implementation and the regulatory action taken in response to substantiated reports.