Library / MIDSTREAM AND DOWNSTREAM PETROLEUM FEES (AMENDMENT) REGULATIONS, 2026

MIDSTREAM AND DOWNSTREAM PETROLEUM FEES (AMENDMENT) REGULATIONS, 2026

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TABLE  1 
  S./N 
Activity 
Application Fee 
Processing Fee 
1. 
Gas Trading Licence 
USD 100,000 
USD 5000 
2. 
Clearing House Authorisation 
USD 100,000 
USD 5000 
 
TABLE  2 
  S./N 
Activity 
Annual Administrative Charges 
1. 
To be paid by the Gas Exchange 
(a) USD 100,000 or 20% of the exchange commission on value 
of transaction, excluding taxes, during the relevant financial 
year, whichever is higher; and 
(b) 20% of the application or renewal fee, paid by members of the 
exchange, excluding taxes, during the relevant financial year. 
2. 
To be paid by the Clearing House USD 50,000 or 20% of the commission, excluding taxes, during 
the relevant financial year, whichever is higher. 
 
 
B. PETROLEUM LIQUIDS TRADING AND SETTLEMENT 
TABLE  1 
  S/N 
Activity 
Application Fee 
Processing fee 
1. 
Petroleum Liquids Trading Licence 
USD 100,000 
USD 5,000 
2. 
Clearing House Authorisation 
USD 100,000 
USD 5,000 
 
 
TABLE  2 
  S/N 
Activity 
Annual Administrative Charges 
1. 
To be paid by the Petroleum 
Liquids Trading Exchange 
(c) USD 100,000 or 20% of the exchange commission on value 
of transaction, excluding taxes, during the relevant financial 
year, whichever is higher; and 
(d) 20% of the application or renewal fee, paid by members of 
the exchange, excluding taxes, during the relevant financial 
year. 
2. 
To be paid by the Clearing 
House 
USD 50,000 or 20% of the commission, excluding taxes, during 
the relevant financial year, whichever is higher.