PETROLEUM INDUSTRY ACT, 2021

Section 207: Pricing principles in relation to petroleum products.

2021Section 207 of 320Federal Republic of Nigeria

Where under section 205 (2) of this Act, the Authority regulates the tariffs and prices of a licensee, the Authority shall allow the seller to recover reasonably and prudently incurred costs, including a reasonable return on the capital invested in the business.

Cite this section

Section 207, PETROLEUM INDUSTRY ACT, 2021 (2021).

https://repo.podus.ai/laws/petroleum-industry-act-2021/section/207/