NMDPRA Proposes 138 Rules to Check Unfair Competition, Monopoly in Oil Sector
• Set to curb price-fixing, collusion, abuse of dominance •Downstream regulator, FCCPC to deepen coordination •New rules to scrutinise contracts, mergers, JVs, others Emmanuel Addeh and Aminat Hassan in Abuja
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has proposed 138 new regulations to curb unfair competition, monopoly, and abuse of market power in the country's midstream and downstream petroleum sector. The proposed regulations, if finalized, would prohibit practices such as price-fixing, collusion, market allocation, bid rigging, coordinated supply restrictions, and the abuse of dominant positions.
The rules would also regulate access to critical petroleum infrastructure and impose greater transparency requirements on tariffs, fees, capacity, and other commercial information.
Brief written by urgent.news from This Day's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
