Section 4: Control of petroleum products.

(1) Subject to this section, no person shall import, store, sell or distribute any petroleum products in Nigeria without a licence granted by the Minister.
(2) Subsection (1) of this section shall not apply in respect of-
(a) the storage, sale or distribution of not more than 500 litres of kerosene, and such other categories of petroleum products as may be exempted from the application of subsection (1) of this section by the Minister by order published in the Federal Gazette;
(b) storage of petroleum products undertaken otherwise than in connection with the importation, sale or distribution of petroleum products.
(3) Licences granted by the Minister under this section shall be subject to the prescribed terms and conditions of where no form is prescribed or no terms or conditions are prescribed, in such form and on such terms and conditions as may be decided or imposed by the Minister.
(4) There shall be charged in respect of every licence granted under this section application fees and such other fees as may be prescribed.
(5) The Minister may by order published in the Federal Gazette delegate the power to grant licences under this section to such persons or authorities in a State as he may deem fit.
(6) Any person who does, without the appropriate licence, any act for which a licence is required under this section shall be guilty of an offence and shall be liable on conviction to imprisonment for two years or a fine of two thousand naira or both, and, in addition, the petroleum products in respect of which the offence was committed shall be forfeited.