PETROLEUM INDUSTRY ACT, 2021

Section 124: Approval and Publication of Charging Structures.

2021Section 124 of 320Federal Republic of Nigeria

1 A licensee subject to tariff regulation by the authority shall—
a propose tariffs for the approval of the Authority prior to the application of the charges;
b impose tariffs in accordance with the approval referred to under paragraph (a); and
c publish the tariffs as required by the Authority in a manner that ensures that the customers of the licensees are able to identify and calculate the charges for which they will become liable.

2 The Authority shall, within 24 months after the effective date, review, confirm or modify all applicable tariffs including for licences under sections 125 (6) and 174 (6) of this Act.

Cite this section

Section 124, PETROLEUM INDUSTRY ACT, 2021 (2021).

https://repo.podus.ai/laws/petroleum-industry-act-2021/section/124/