NMDPRA units deadline for submissions on proposed fuel tariff overview, declares January assembly

The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, has set a deadline for submissions on the proposed tariff methodologies for midstream fuel amenities and infrastructure.

The Authority disclosed this in a public discover of session with stakeholders issued by its Chief Executive, Rabiu Abdullahi Umar.

The regulator urged stakeholders in Nigeria’s fuel sector to submit contributions on its proposed tariff methodologies.

According to the discover, the session is in compliance with Sections 123 (3), (4) and (5) of the Petroleum Industry Act, PIA, 2021, which requires the regulator to have interaction related stakeholders earlier than establishing tariff methodologies.

The proposed overview will cowl tariffs charged by licensees for using amenities and infrastructure licensed by the Authority for midstream fuel operations.

NMDPRA stated the proposed tariff methodologies would apply to fuel processing, transportation and distribution infrastructure underneath its regulatory jurisdiction.

The Authority referred to as for submissions on a number of areas, together with the proposed rules and construction of tariff methodologies, restoration of affordable and effectively incurred prices, willpower of affordable returns on invested capital, and effectivity incentives to enhance service high quality.

Other areas embody tariff constructions for fuel processing amenities, transportation pipelines and distribution licences, in addition to prices regarding allocation, metering and ancillary companies.

It additionally requested contributions on measures to forestall financial distortions and promote aggressive petroleum and pure fuel markets.

The regulator additional proposed differentiated tariffs for creditworthy shippers keen to decide to long-term ship-or-pay preparations, the place relevant.