What Are The Differences Between Deregulated and Underegulated Petroleum Sectors?

Basically, the underlying principles behind deregulation and liberalisation are the same; removal of official restrictions and bottlenecks that discourage participation and investment, and the consequent opening up of the sector with the aim of engendering maximum competition. This applies in all cases so there is no fundamental difference based on sectors. Therefore, the feat achieved in the Communication, Aviation and Broadcasting sectors of our economy can be replicated in the downstream sector if the policy is followed to its logical conclusion.