NMDPRA proposes 138 rules to curb petroleum market abuse

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled proposed regulations comprising 138 rules aimed at curbing monopoly, abuse of market dominance, collusion and other anti-competitive practices. The proposed Midstream and Downstream Petroleum Prevention of Anti-Competitive Practices and Behaviour Regulations, 2026 are also intended to guarantee open and non-discriminatory access to critical petroleum infrastructure and improve market transparency. Speaking at a stakeholders' consultation forum in Abuja, NMDPRA Chief Executive Mallam Rabiu Umar said the framework was being developed under Section 216 of the Petroleum Industry Act, 2021. He said the regulations would strengthen the midstream and downstream sectors.

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