Library / Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024

Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024

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68 
Failure to display price billboard at retail outlets 
NGN 50,000 
69 
Poor housekeeping of retail outlet facilities 
NGN 50,000 
70 
Indiscriminate Parking of Vehicles and Trucks Within 
a Facility 
NGN 50,000 
71 
Pump under dispensing from retail outlets 
NGN 100,000.00 per dispensing 
pump 
72 
Repair of vehicles within retail outlets and refilling 
plants 
NGN 500,000 
73 
Failure to produce, upon demand, storage and 
sales inventories and reports of midstream and 
downstream facilities 
NGN 1,000,000 
74 
Establishment 
of 
retail 
outlets 
and 
CNG 
compression facility without LTE 
NGN 1,000,000 
75 
Construction 
of 
retail 
outlets 
and 
CNG 
compression facility without LTC 
NGN 5,000,000 
76 
Operation of retail outlets and CNG compression 
facility without LTO 
NGN 2,000,000 
77 
Failure to conduct Pressure Test before tank burial 
NGN 100,000.00 
78 
Falsification 
of 
Authority 
licence/permit/authorisations 
NGN 5,000,000.00 
79 
Hoarding of Petroleum Product 
NGN 1,000,000.00 
80 
Late renewal of Authority retail outlets and CNG 
compression facility licence 
NGN 100,000.00 
81 
Late renewal of Authority depots, terminals, and 
jetties 
NGN 500,000 
82 
Non-display of Authority Licence at a facility 
NGN 50,000.00