Procedure when increase in price or rate of declared goods or declared service proposed
11 Procedure when increase in price or rate of declared goods or declared service proposed
A notice under section 10 may require that —
any person generally;
any person included in a class of persons;
any person to whom a notice is given in pursuance of the declaration; or
any particular person,
being a person who is a manufacturer or seller of declared petroleum products or a supplier of a declared petroleum service, notify, not less than 14 working days prior to the day on which that proposed increase is to take effect, the Commissioner in writing of any proposed increase in the price of those declared petroleum products or in the rate for that declared petroleum service to which that person proposes to give effect, and a person shall not refuse or fail to comply with that requirement.
Penalty for this subsection: a fine of $20 000.
A person to whom subsection (1) applies shall submit with the notification to be made by him under that subsection a document setting out to the best of his knowledge and ability —
the cost to the manufacturer, seller or supplier of the declared petroleum products or declared petroleum service concerned;
the methods and principles in accordance with which the manufacturer, seller or supplier referred to in paragraph (a) has arrived at that cost and at the proposed increase in the price of the petroleum products or the rate of the declared petroleum service concerned;
in the case of a manufacturer or seller of petroleum products, the price at which, and the conditions on which, he has sold, sells or proposes to sell the declared petroleum products concerned;
in the case of a supplier of petroleum services, the rate at which, and the conditions on which, he has supplied, supplies or proposes to supply, the declared petroleum service; and
such other particulars as are prescribed or are required by a notice given under subsection (1)(c).
In subsection (1) —
working day means day which is not —
a Sunday or a Saturday; or
a bank holiday or public holiday within the meaning of the Public and Bank Holidays Act 1972.
[Section 11 amended: No. 72 of 1983 s. 10 and 15; No. 73 of 2000 s. 14(1); No. 11 of 2001 s. 21(1); No. 16 of 2025 s. 10(1).]
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.