16Profiteering

16 Profiteering

(1)  The Minister may, by notice published in the Gazette –

(a) fix maximum prices in relation to the sale of a petroleum product of a specified kind during a period of emergency restriction; or

(b) vary or revoke a notice previously published under this section.

(2)  A notice under subsection (1)  –

(a) may fix differential maximum prices that vary according to factors specified in the notice; and

(b) may apply to sales generally or to specified classes of sales; and

(c) may apply throughout the State or in specified parts of the State.

(3)  A person who, during a period of emergency restriction, sells a petroleum product, in relation to which a maximum price is in force under subsection (1) , at a price in excess of the maximum price is guilty of an offence and is liable on summary conviction to a fine not exceeding 1 000 penalty units, or imprisonment for a term not exceeding 12 months, or both.