The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has urged Nigerians to avoid panic buying of petroleum products, assuring that the country has sufficient fuel supplies to meet current demand.
The agency gave the assurance in a statement dated November 12, 2025, and signed by its Director of Public Affairs, George Ene-Ita. The statement, shared via the authority’s official X handle on Thursday, emphasized that the supply of petroleum products across the country remains stable and adequate.
According to the NMDPRA, there is “a robust domestic supply of petroleum products (AGO, PMS, LPG, etc.) sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations during this period.”
The authority also dismissed fears of scarcity, saying that current fuel availability levels remain “within the acceptable national sufficiency threshold during this peak demand period.”
While assuring of continuous oversight, the NMDPRA warned against hoarding, profiteering, or arbitrary price increases by marketers, describing such practices as unnecessary and exploitative given the sufficiency of products.
“The authority cautions against hoarding or any non-market reflective escalation of prices of petroleum products,” the statement read. “There is no justification for panic buying or any form of artificial scarcity.”
In a move aimed at easing pressure on the downstream sector, the NMDPRA clarified that “the implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit (PMS) and Automotive Gas Oil (AGO) is no longer in view.” This decision, it said, would help stabilize pump prices and maintain steady market conditions.
The regulator further assured Nigerians that it “will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply and distribution of petroleum products across the country, especially during this peak demand period.”
Ene-Ita also commended industry stakeholders for their continued cooperation and reaffirmed the authority’s commitment to ensuring energy security and uninterrupted product availability nationwide.
Meanwhile, data from the Organisation of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report released on Wednesday showed that Nigeria’s average crude oil production rose slightly to 1.401 million barrels per day in October 2025. The figure represents a marginal increase from 1.39 million barrels per day recorded in September, although still below the OPEC quota of about 1.5 million barrels per day.
Despite this modest improvement, analysts say the country must sustain production growth and strengthen regulatory stability to maintain steady fuel availability and support downstream sector efficiency.
