Library / Midstream and Downstream Petroleum Fees Regulations 2024
Midstream and Downstream Petroleum Fees Regulations 2024

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B 859
S. I. No. 40 of 2024
Commence-
ment
PETROLEUM INDUSTRY ACT, NO. 6, 2021
MIDSTREAM AND DOWNSTREAM PETROLEUM FEES
REGULATIONS, 2024
[30th Day of October, 2024]
In  exercise of the powers conferred on it by sections 32 (a) and 33 (b) and (v) of the
Petroleum Industry Act, No. 6, 2021 (“Act”) and all other powers enabling it in that
behalf, the Nigerian Midstream and Downstream Petroleum Regulatory Authority
(“Authority”), with the approval of the Minister, makes these Regulations —
1.  The objectives of these Regulations are to prescribe the —
(a)  midstream and downstream petroleum operations and activities to
be subject to a licence, permit, authorisation or approval from the Authority;
(b)  fees payable to the Authority for the grant, reissue or renewal of a
licence, permit, authorisation and approval by the Authority; and
(c)  procedure for payment of the levies in sections 47 (2)(c) and 52
(7)(a) of the Act.
2. These Regulations shall apply to the grant, reissue or renewal of a
licence, permit, authorisation or approval in the Nigerian midstream and
downstream activities and operations.
3.—(1)
 A person shall not undertake an activity in the midstream
and downstream petroleum industry of Nigeria without a licence, permit,
authorisation or approval granted by the Authority.
(2)  The grant, reissue or renewal of a licence, permit, authorisation or
approval shall be subject to the payment of prescribed fees.
4.—(1)  There shall be paid to the Authority Fund 0.5% of the wholesale
price of petroleum products sold in Nigeria, which shall be collected from
wholesale customers by a supplier at wholesale points for —
(a)  imported petroleum products sold in Nigeria ; and
(b) petroleum products produced, processed, refined, and sold in Nigeria.
(2)  There shall be paid to the Midstream and Downstream Gas
Infrastructure Fund 0.5% of the wholesale price of petroleum products and
natural gas sold in Nigeria, which shall be collected from wholesale customers
by a supplier at wholesale points for —
(a)  imported petroleum products sold in Nigeria;
(b)  natural gas sold in Nigeria; and
(c)  petroleum products produced, processed, refined and sold in Nigeria.
Objectives
Application
Prohibition
from
undertaking
activities
without
licence
Payment to
the Authority
Fund and
Midstream
and
Downstream
Gas
Infrastructure
Fund