The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled a draft regulatory framework aimed at preventing anti-competitive practices in Nigeria’s petroleum industry, including alleged price fixing, supply restrictions and market-sharing arrangements among operators.

The proposed Midstream and Downstream Petroleum Prevention of Anti-Competitive Practices and Behaviour Regulations, 2026 seeks to promote fair competition, strengthen market transparency and prevent the abuse of market dominance across the country’s midstream and downstream oil and gas sector.

If adopted, the regulations would prohibit petroleum companies from coordinating fuel prices, limiting product supply or entering into agreements that could distort competition and undermine consumer interests.

The draft framework is part of the regulator’s broader efforts to foster a more competitive petroleum market by ensuring that operators compete fairly and comply with established competition standards.

According to the proposal, the regulations are designed to discourage practices that could hinder market efficiency while promoting accountability, transparency and a level playing field for all participants in the sector.

The NMDPRA said the initiative is intended to strengthen oversight of the petroleum industry and support a market environment where competition drives efficiency, investment and improved service delivery.

The draft regulations are expected to undergo further review and stakeholder engagement before they are finalised and implemented. (Guardian)

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