Nigeria, Sept. 20 -- The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has acknowledged the financial strain caused by the recent increase in the pump price of Premium Motor Spirit (PMS), commonly known as petrol.

The authority said it is aware of the impact of the price increase on households, transport workers and businesses across the country.

In a statement issued on Saturday, the NMDPRA said it remains committed to ensuring that consumers are protected within the framework of Nigeria's deregulated petroleum market.

"We are fully sensitive to the pressure this places on households, transport workers, and businesses across the country, and we share in the commitment to seeing relief take root as market co...