The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has appealed to Nigerians to remain calm and avoid panic buying of petroleum products, assuring that the nation has adequate supply to meet demand during this peak period.
In a statement dated November 12 and shared via its official X handle, the agency said Nigeria currently maintains a “robust domestic supply of petroleum products including AGO, PMS, and LPG sourced from both local refineries and importation.”
Signed by the Director, Public Affairs Department, George Ene-Ita, the statement added that measures are in place to ensure timely replenishment of stocks at depots and retail stations nationwide.
The regulator warned against fuel hoarding and artificial price increases, describing such actions as “unnecessary given the current supply levels.”
It also clarified that the planned 15% ad-valorem import duty on imported Premium Motor Spirit (PMS) and diesel “is no longer in view,” a move expected to help stabilise pump prices and ease market pressure.
Reaffirming its oversight commitment, the NMDPRA stated it “will continue to closely monitor supply and distribution to prevent any disruption, especially during this peak demand period.”
The authority also commended industry stakeholders for their cooperation and pledged continued efforts to safeguard Nigeria’s energy security.
Meanwhile, The PUNCH reports that Nigeria’s average crude oil production rose slightly to 1.401 million barrels per day in October 2025, up from 1.39 million barrels per day in September, according to the OPEC Monthly Oil Market Report released on Wednesday.
Despite the increase, production remains below the country’s OPEC quota of about 1.5 million barrels per day, marking the third consecutive month of shortfall.
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