The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to prioritise policies that promote domestic gas utilisation.
The association, recommended that NUPRC strengthen measures to ensure price stability and long-term energy security for Nigerians as indicated in a statement by it’s national public relations officer, Dr Joseph Obele.
The call comes alongside PETROAN’s commends the choice of Senator Magnus Abe as NUPRC Board chairman.
PETROAN national president Dr Billy Gillis-Harry cited Senator Magnus Abe’s prior roles as a National Assembly lawmaker, Rivers State Secretary to the Government, and former board member of the Nigerian National Petroleum Company Limited, hence possesses extensive knowledge of Nigeria’s oil and gas sector and its operational dynamics.
PETROAN also commended NUPRC’s collaboration with Nigeria LNG Limited (NLNG), which has committed 100 per cent of its LPG production to the domestic market.
Dr Gillis-Harry projected this would reduce cooking gas prices and other gas-based products soon.
The association highlighted NUPRC’s efforts to remove regulatory bottlenecks, improve ease of doing business, and sustain stakeholder engagement to meet rising domestic gas demand and shield the market from global volatility.
PETROAN emphasises that a stable upstream sector will have far-reaching benefits across the
petroleum value chain, including enhanced product availability, reduced energy costs, job
creation, and overall economic growth.
PETROAN stated it would support policies and reforms in Nigeria’s petroleum industry.
Other PETROAN recommendations included sustaining regulatory reforms, accelerating gas infrastructure and distribution networks to ensure efficient delivery of gas to end-users nationwide; continuous and structured stakeholder engagement to promote
transparency, policy consistency, and industry-wide collaboration; maintaining structured stakeholder engagement, and collaborating with the Nigerian Midstream and Downstream Petroleum Regulatory Authority to activate government-owned refineries.
PETROAN expressed confidence in Abe’s leadership and reiterated its support for policies fostering a competitive and transparent petroleum industry.
SOURCE: LEADERSHIP NEWS PAPER
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