Library / PETROLEUM INDUSTRY ACT, NO. 6, 2021 MIDSTREAM AND DOWNSTREAM PETROLEUM PREVENTION OF ANTICOMPETITIVE PRACTICES AND BEHAVIOUR REGULATIONS, 2026 ARRANGEMENT OF REGULATIONS
PETROLEUM INDUSTRY ACT, NO. 6, 2021 MIDSTREAM AND DOWNSTREAM PETROLEUM PREVENTION OF ANTICOMPETITIVE PRACTICES AND BEHAVIOUR REGULATIONS, 2026 ARRANGEMENT OF REGULATIONS
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30 (c) Submit to the Authority, upon request, a comparison of prices, terms, and conditions offered to affiliates and third parties for equivalent transactions. (6) Enforcement Where discriminatory pricing is established, the Authority may: (a) Declare such practices unlawful and void; (b) Order the cessation and rectification of the discriminatory conduct; (c) Require restitution of overcharges to affected third parties; (d) Impose administrative penalties and other enforcement measures under Part XVI and XVII of these Regulations; (e) Direct the licensee to implement remedial structural or behavioural measures, including tariff re-submission and affiliate firewalls. PART VII- ENTRY BARRIERS AND ANTI-COMPETITIVE MERGER TACTICS 26. Prohibition of Regulatory Manipulation, Capture, and Bad-Faith Participation 1. General Prohibition No licensee, market participant, industry association, or group of undertakings shall engage in any act, omission, or influence that exploits, manipulates, or improperly interferes with regulatory, licensing, standards-setting, or legislative processes with the intent or effect of hindering entry, delaying competition, protecting incumbent market power, or excluding rivals. 2. Forms of Prohibited Conduct The following are expressly prohibited: (a) Abusing licensing or permit procedures to delay or obstruct applications, including frivolous objections or petitions; (b) Lobbying for or supporting restrictive technical rules, licensing criteria, or compliance obligations without objective public interest justification; (c) Filing vexatious litigation or complaints to stall entry or raise costs of competitors; (d) Misrepresenting or concealing material facts in regulatory submissions; (e) Offering, promising, or providing inducements to regulatory officials to secure favourable rules or decisions; 3. Public Interest Standard Any rule, standard, or administrative measure lacking legitimate safety, environmental, or public interest rationale and having the effect of restricting market entry or creating artificial compliance barriers shall be deemed a violation. 4. Enforcement Conduct under this Regulation may be deemed an abuse of dominance or concerted anti-competitive action. The Authority may impose penalties, corrective directives, nullify affected measures, or refer matters to the appropriate anti-corruption Institutions.
Pricing & TariffsPDF30