PETROLEUM INDUSTRY ACT, 2021

Section 214: Considerations for exercise of the Authority's powers.

2021Section 214 of 320Federal Republic of Nigeria

In the exercise of its powers under this Chapter, the Authority may consider -
a the relevant economic market;
b global trends in the relevant economic market;
c the effect on the number of competitors in the market and their respective market shares;

d the effect of barriers to entry into the market;
e the effect of any activity on the range of services in the market;
f the effect of the conduct on the cost and profit structures in the market;

g the ability of any independent licensee or operator to make price or tariff regulating decisions; and
h any other matter which the Authority may deem relevant.

Cite this section

Section 214, PETROLEUM INDUSTRY ACT, 2021 (2021).

https://repo.podus.ai/laws/petroleum-industry-act-2021/section/214/