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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(b) Provide any supplemental information reasonably required by the 
Authority for monitoring and investigation purposes, including internal price-
setting policies, volume allocation methodologies, or third-party access 
arrangements; 
 
(c) Certify the authenticity of submitted data through responsible 
officers, and cooperate in any audit or verification exercise initiated by the 
Authority. 
(2)  Failure to provide requested information or submission of false or misleading 
information shall constitute a violation of this Regulation and attract sanctions 
in accordance with Parts XVI and XVII of these Regulations. 
 
72. Market Surveillance Focus Areas 
 The Authority shall place particular surveillance attention on the following 
areas and behaviours: 
(1) Concentrated market segments where one or a few entities control 
substantial market share; 
(2) Entry barriers created by vertical integration, infrastructure control, licensing 
restrictions, or commercial practices; 
(3) Discriminatory access to infrastructure or manipulation of third-party access 
conditions; 
(4) Excessive pricing, predatory pricing, margin squeezes, and cross-
subsidization; 
(5) Long-term exclusive contracts or bundling that deter market entry; 
(6) Coordinated conduct or parallel pricing patterns suggestive of collusion; 
(7) Any other behaviour that restricts fair competition or consumer welfare. 
 
73. Market Reporting and Transparency 
(1) The Authority shall publish a Midstream and Downstream Market 
Monitoring Report, at least once every calendar year, summarising: 
 
(a) Market concentration indicators; 
 
(b) Price levels and pricing trends; 
 
(c) Level of market entry and exit; 
 
(d) Infrastructure access data; 
 
(e) Competition concerns and remedial actions taken; 
 
(f) Recommendations for policy or structural reforms. 
 
(2) Reports shall be made publicly available, except where the disclosure 
of specific information may compromise commercial confidentiality or 
ongoing investigations. 
 
74. Enforcement Support Function 
Market monitoring reports, sector studies, or data submissions under this 
Regulation may serve as grounds for: 
(1) Commencing an investigation into anti-competitive conduct under Part 
XIV; 
(2) Requiring behavioural or structural remedies under Part XVI; 
(3) Modifying licence conditions or access mandates under Regulation 91.