Library / IN THE FEDERAL HIGH COURT OF NIGERIA [N THE ABUJA JUDICIAL DIVISION HOLDEN AT ABUJA ON MONDAY, THE 5™ DAY OF FEBRUARY, 2024

IN THE FEDERAL HIGH COURT OF NIGERIA [N THE ABUJA JUDICIAL DIVISION HOLDEN AT ABUJA ON MONDAY, THE 5™ DAY OF FEBRUARY, 2024

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customers, that will apply to the owners and operators of crude 
oil refineries, transportation pipelines and: other facilities or 
vessels for the bulk transportation of petroleum liquids, bulk 
storage facilities for petroleum liquids and terminals and outlets 
for retail trading of petroleum products; and 
(b) 
matters ancillary to or consequential on the activities set out in 
paragraph (a). 
. 
S.197 (1) 
Subject to sections 111 and 174 of this Act, the Authority may 
upon approval of an application and payment of prescribed 
fees, grant and issue a qualified person a wholesale petroleum 
iquids supply licence, 
(2) 
A company that is a lessee producing crude oil or condensates 
or both or is a holder of a crude oil refining licence is a qualified 
person for the purpose of subsection (1) and shall be entitled 
to apply for and 
be issued 
a wholesale petroleum 
liquids 
supply licence by the Authority. 
(3) 
A wholesale petroleum liquids supply licence authorises the 
supplier to sell and deliver petroleum liquids to bulk customers 
in Nigeria or for export, 
S, 205 (1) 
Subject to the provisions of this section, wholesale and retail 
prices of petroleum products shall be based on unrestricted 
free market pricing conditions, 
(2) 
Where 
the Authority determines that 
a 
particular licenced 
activity is a monopoly service or a service by an excessively 
dominant supplier, 
the Authority shall 
have the power 
to 
regulate 
the 
tariffs and 
prices charged 
by the respective 
JUDGEMENT IN ZS" (NIGERIA) 
LTD. & ANOR, 
v, THE NIG, MIDSTREAM & DOWNSTREAM PETROLEUM REGULATORY AUTH, 
SUIT NO: FHC/ABI/CS/1480/2023 
: