Africa needs independent fuel pricing benchmark, says NMDPRA

NMDPRA calls for an African fuel price benchmark to reflect growing refining capacity, improve market transparency, and reduce dependence on foreign indice

By Obas Esiedesa, Abuja The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called on petroleum regulators across West Africa to collaborate on establishing a regional pricing benchmark for refined petroleum products. The authority said a transparent West African pricing mechanism would st