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原文原文 / Original TextThe federal government is strengthening an initiative that will boost oil and gas swap plan, embedded with a regulator-mandated netting mechanism, the first of its kind around the world, to enable refiners to bring down refining costs.
The broader details of this complicated swap mechanism, pitched forward by the present administration, are being worked out by the various stakeholders
The spur is volatility in retail petrol prices, which have rocketed more than sixfold since President Bola Tinubu terminated decades-old fuel subsidies on his inauguration day in May 2023, and the promise the move holds for the affordability of the product, and other fuels.
Retail petrol has been defenceless against external pressures that have driven it to extreme price levels in Nigeria, since the US-Iran war started in February, up by 22.7 per cent.
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This has continued to weigh on consumer budgets so profoundly that regulators are now stepping up consultations more tenaciously to introduce reforms to ease the pressure on businesses and households.
In August, the idea of a crude oil and gas swap system that pairs domestic producers up with refineries with a view to compressing input costs and delivery time was discussed at a meeting between the midstream sector's top watchdog and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja.
"How the swap works is that I have an obligation somewhere and I am close to an export facility. Somebody else has an obligation inland and his own (facility) is close to a domestic offtaker," said Oritsemeyiwa Eyesan, the CEO of NUPRC, which is leading the course.
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来源：AllAfrica (https://allafrica.com/)
原文链接：https://allafrica.com/stories/202609170071.html
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发表于 2026-9-16 06:05:49