The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to ensure petroleum marketers do not exploit Nigerians through excessive pricing under the deregulated downstream petroleum market.

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, gave the directive while delivering the keynote address at the NMDPRA General Counsel and Legal Advisers Forum on Monday in Abuja.

Lokpobiri said although the downstream sector had been fully deregulated, the regulator must ensure that deregulation does not become an avenue for profiteering at the expense of consumers.

He also said that despite tensions arising from the conflict involving the United States and Iran, Nigeria did not experience fuel shortages.

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