This report reviews the petroleum downstream sector for the period ending 31st December 2016 and is focused on activities within the Bulk Distribution subsector. It reviews policy, financial and market activities for the period under review. It also analyses key risks facing the industry and provides an outlook and recommendations for the consideration of stakeholders.
2016 was fraught with policy inconsistencies which created market distortions in the downstream industry. Unilateral changes in the deregulation policy, covert subsidization of parastatal companies against the private sector, use of the government’s reach to abuse public infrastructure to the disadvantage of the private sector, incongruence between regulation and implementation, characterised the public policy and regulatory sphere. In effect, government policy was not supportive of the private sector. This is attributable to the over politicization of the regulatory and industry policy function of government.
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