NMDPRA Wants West Africa to Stop Using European Fuel Price Benchmarks

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NMDPRA Wants West Africa to Stop Using European Fuel Price Benchmarks

ABUJA — The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Rabiu Umar, has called for a West African fuel price benchmark instead of European references. Speaking at a regional fuel market conference, he said it makes no sense for problems in Western Europe to affect prices in the region. Minister of State for Petroleum Resources Heineken Lokpobiri called for more investment in refining.

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