Meta Data
Draft: 
No
Revision of previous policy?: 
No
Draft Year: 
1976
Effective Start Year: 
1981
Scope: 
National
Document Type: 
Other
Economic Sector: 
Multi-Sector
Energy Types: 
Oil
Issued by: 
Ministry of Commerce, Industry and Cooperatives
Overall Summary: 
The Price Ordinance empowers the Minister to make orders that regulate the price of certain commodities. This Act is administered by the Ministry of Commerce, Industry and Cooperatives. Price Control Officers are also appointed by the ordinance, and these include all clerks in the island councils, district officers and the Secretary of the Ministry of Lines and Phoenix as stipulated in ordinance. The Schedule of the Act, among other items, includes kerosene and benzene. Kerosene and benzene prices are the same in the urban island of Tarawa to the Outer Islands.
Governance
Energy management principles: 
4. In determining whether and in what manner to exercise the powers conferred by section 3, the Minister shall have regard to the circumstances of the trade in the commodity to which an Order under section 3 will apply and to the effect of an order on the profitability of that trade.
National policy structure: 
An Ordinance to empower the Minister to make orders regulating the price of certain commodities and for purposes connected therewith.