Meta Data Draft: NoRevision of previous policy?: NoEffective Start Year: 2019Scope: NationalDocument Type: OtherEconomic Sector: Energy, TransportEnergy Types: OilIssued by: Government of NauruSource: RON Law - Nauru's Online Legal DatabaseFile: Price Control Order No. 1 of 2019Overall Summary: The Price Control Order No.1 of 2019 sets out the maximum wholesale price for diesel, petrol and JetA1 in the Republic of Nauru, effective since 11th February 2019. Pricing Energy pricing: i. Maximum wholesale price at which diesel may be sold as $2.2651/litre ii. Maximum wholesale price at which petrol may be sold as $2.1527/litre iii. Maximum wholesale price at which JetA1 may be sold as $1.1615/litre iv. Maximum retail price at which diesel may be sold as $2.5651/litre v. Maximum retail price at which petrol may be sold as $2.4527/litre vi. Maximum retail price at which Jet A1 may be sold as $1.4615/litre Dated this 11th day of February, 2019 Full Document Text REPUBLIC OF NAURU PRICES REGULATION ACT 2008 Price Control Order No. 1 - 2019 S.L No. 1 of 2019 I, Honourable Baron Divavesi Waqa, MP, Acting Minister for Finance, acting with the advice of the Secretary for Finance and the approval of Cabinet, in accordance with powers under Section 6(1) of the Prices Regulation Act 2008, repeal all previous price orders for the same items in (i) to (vi) below and determine that this Price Order replaces all repealed Orders and has immediate effect within a 7-day period after publication in the Government Gazette. i. Maximum wholesale price at which diesel may be sold as $2.2651/litre ii. Maximum wholesale price at which petrol may be sold as $2.1527/litre iii. Maximum wholesale price at which JetA1 may be sold as $1.1615/litre iv. Maximum retail price at which diesel may be sold as $2.5651/litre v. Maximum retail price at which petrol may be sold as $2.4527/litre vi. Maximum retail price at which Jet A1 may be sold as $1.4615/litre Dated this 11th day of February, 2019 HON. BARON DIVAVESI WAQA, MP ACTING MINISTER FOR FINANCE Under Section 5(1) of the Prices Regulation Act 2008, the Minister must give 21 days’ notice of his intention to make a price order. However, Section 5(3) of the Act allows the Minister to make a price order without giving 21 days’ notice if he is satisfied that it is necessary or expedient to act without delay in order to ensure the fair distribution of declared goods amongst all members of the community. Prices in this order will become effective within a 7-days period from the date of this Gazette notice.A price order may only be made in relation to goods that are declared goods for the purpose of the Prices Regulation Act 2008. The Minister declared diesel and petrol goods by Gazette Notice No.344/2008, published on 12 September 2008.