Federal Government Proposes Ban on Fuel Price-Fixing and Artificial Scarcity

The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has proposed new rules to curb price-fixing and other anti-competitive conduct in Nigeria’s petroleum industry. The proposed 2026 regulations would bar refiners, marketers and other operators from coordinating pump prices, restricting product supply, sharing customers or markets, rigging bids, and exchanging commercially sensitive information. Operators would be required to set prices and service terms independently. The rules also target practices that could create artificial scarcity, enforce uniform prices or weaken competition in the midstream and downstream fuel market.

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