Abuja, Nigeria – The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has set the domestic base gas price for power generation at $2.18 per MMBTU, effective 1 April 2026, up from $2.13/MMBTU.
Okay News reports the circular also sets commercial users at $2.68/MMBTU and places gas‑based industries such as ammonia, urea, methanol, and low‑sulphur diesel within a floor of $0.90/MMBTU and a ceiling of $2.18/MMBTU. The regulator said the Domestic Base Price is intended to balance affordability with incentives for upstream producers to supply gas to the domestic market.
The move comes as gas suppliers warn of possible supply stoppages over an estimated N3.3 trillion debt owed by generation companies, and GenCos say the federal government owes roughly N6.5 trillion, raising concerns about payment risks and supply continuity. Analysts warn the higher gas price could raise electricity generation costs and squeeze industrial producers already coping with legacy arrears.
The NMDPRA said its pricing framework follows the Petroleum Industry Act and aims to align domestic prices with international benchmarks while protecting consumers and attracting investment, and stakeholders say timely settlement of outstanding debts and clearer payment guarantees will be critical as the new gas price takes effect.
 has set the domestic base gas price for power generation at $2.18 per MMBTU, effective 1 April 2026, up from $2.13/MMBTU.){kind=link}