CVDR486338_1Decision of the Minister of Tourism, Economic Affairs, Traffic and Telecommunications from Sint Maarten containing rules about maximum prices for petroleum products Regulation maximum prices petroleum productsnlregelingSint Maarten2018-03-26Sint MaartenSint Maarten AB 2018, 109Regulation maximum prices petroleum productsArticle 2 Pricing RegulationMinister van Toerisme, Economische Zaken, Verkeer en Telecommunicatiefinanciën en economie2018-01-25De tekst in dit document is vrij van auteursrecht en databankrecht2018-01-302018-04-18nieuwe regeling.Deze regeling is vervangen door de Regulation maximum prices petroleum products van 14 april 2018.Regulation of the Minister of Tourism, Economic Affairs, Traffic and Telecommunications from January 25th, 2018, to determine the maximum wholesale price and maximum retail prices for petroleum products (Regulation maximum prices petroleum products)THE MINISTER OF TOURISM, ECONOMIC AFFAIRS, TRAFFIC AND TELECOMMUNICATIONS,Having considered that it is desirable to determine the maximum permissible wholesale and retail prices for petroleum products;In view of Article 2 of the Pricing Regulation;DECISION:Article 1This regulation understands under:

Sales: selling or offering for sale;

Retail Price: selling price to the consumer;

Wholesale price: selling price to retailers.

Article 2It is forbidden to sell petroleum products listed in the Annex, against a higher wholesale price and retail price than the price indicated in the tableAppendix.Article 3This regulation repeals the Regulation maximum prices petroleum products from November 10^th 2017.Article 4This Ministerial Regulation, given the urgent importance under Article 127, third and fourth paragraph, of the Constitution, shall go into effect on the first day following the date of issue of the official public bulletin in which it is placed. Article 5This regulation shall be cited as: Regulation maximum prices petroleum products.This regulation along with the elucidation will be placed on the official public bulletin board.The Minister of Tourism, Economic Affairs,Traffic and TelecommunicationsThe twentyfifth of January, 2018The Minister of Tourism, Economic Affairs,Traffic and TelecommunicationsUitgegeven de negenentwintigste januari 2018 De Minister van Algemene Zaken Namens deze,Hoofd Afdeling Juridische Zaken & WetgevingAppendix attached to the Ministerial Regulation from January 25^th, 2018, regarding the execution of Article 2 of the Prices Regulation (Ministerial Regulations prices of petroleum products).Types of petroleum productsWholesale per liter (retailer price)GasolineNAf 1.784DieselNAf 1.400Types of petroleum productsRetail price per liter (consumer price)GasolineNAf 2.025DieselNAf 1.602ELUCIDATIONIn this Ministerial Regulation, the maximum wholesale and retail prices of petroleum products are established. The prices are listed in the Annex of this Regulation. Article 2 of the Pricing Regulation gives the Minister the authority to issue conditions pertaining to the prices of goods and services, when it is the opinion of the Minister that prices violate or threaten to violate the public interest.Article specificArticle 1 governs the definitions. The wholesale price is the highest permissible price at which petroleum products can be sold from the wholesaler to the retailer. The retail price is the highest permissible price at which petroleum products can be sold from the retailer to the consumer. The effective date is the date in which the posted price was set by the international market.Article 2 governs the most recent maximum price for petroleum products, as indicated in the table attached. Due to the fluctuations in international prices of petroleum products, the Ministry of Tourism, Economic Affairs, Traffic and Telecommunication moves to adjust petroleum prices on St. Maarten to follow international tends.The maximum wholesale and retail process of gasoline and diesel are to be adjusted to the prices indicated in the table below: