The Federal Government has tightened regulatory pressure on fuel suppliers and their wholesale customers in the downstream petroleum sector with the enforcement of the 0.5 per cent levy on the wholesale price of petroleum products and natural gas, as provided in the recently published Midstream and Downstream Petroleum Operations Regulations, 2025. Under the new regulations, suppliers of petroleum products are mandated to collect and remit the levy at wholesale points, making compliance a condition tied directly to licensing and continued operation in the sector....................................….......READ MORE