#OMEX1403195ARegulatory Framework for Petroleum Product Pricing in Overseas France
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This law establishes the regulatory framework for the pricing of petroleum products and the functioning of wholesale markets for their distribution in the French overseas departments of Guadeloupe, Guyana, and Martinique. It sets out the monthly pricing structure for various petroleum products, detailing the methodologies for determining maximum prices, costs of supply, and profit margins for wholesalers and retailers. The law also mandates annual reporting and compliance from retailers and wholesale operators to ensure transparency in pricing.
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Key Changes
- Implementation of a structured pricing mechanism for petroleum products.
- Requirements for wholesalers and retailers to report financial data annually.
- Standardized methods for calculating costs and price adjustments based on market conditions.
Obligations
What this law requires
Fix maximum ex-refinery prices for petroleum products (unleaded supercarburants, diesel, domestic fuel oil, kerosene, heavy fuel oil, liquefied petroleum gas) on the 1st of each month by prefectural order for Guadeloupe, Guyana, and Martinique
Calculate monthly equilibrium revenue for SARA refinery based on certified accounting data from the previous year (N-1), including supply costs, refining costs, logistics costs, and capital remuneration
Set maximum ex-tax prices for six petroleum products (unleaded supercarburants, road and non-road gazoles, domestic fuel oil, kerosene, heavy fuel oils, and liquefied petroleum gas) on the 1st of each month by prefectural order
Calculate monthly equilibrium revenue for the SARA refinery based on documented supply costs, refining costs, logistics costs, and capital remuneration to determine petroleum product prices
Use average Brent FOB quotations from Platt's for the first fifteen days of the preceding month (M-1) multiplied by actual crude oil quantities imported during months M-2 to M-13 to calculate crude oil supply costs