Cooking gas currently sells at N2,000 per kg in roadside retail outlets.
The NMDPRA pricing framework was derived from Platts average figures recorded between April 17 and 23, reflecting prevailing global oil market conditions.
As NMDPRA CEO, Mr Umar will coordinate measures to prevent indiscriminate increases in fuel prices.
According to him, the tanker will be handed over to NMDPRA.
Despite the decrease in consumption, the oil and gas regulator said marketers’ fuel imports increased.
Mr Mohammed added that Nigeria’s economic growth depended heavily on the rapid expansion of locally owned midstream assets.
This move follows the withdrawal of the same petition from the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
Mr Yusuf urged NMDPRA to place domestic refining at the centre of its framework, aligned with the Nigeria-First policy and industrialisation agenda.
The Senate acted on a request transmitted by President Bola Tinubu seeking legislative approval for the appointments.
The groups said intelligence gathered indicates “high levels of compromise” within the NMDPRA during Mr Ahmed’s tenure.
