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The Petroleum Act, 1934

( ACT NO. XXX OF 1934 )

[ 6th September, 1934 ]

Chapter I

CONTROL OVER PETROLEUM

Rules for the import, transport and storage of petroleum
4. The Government may make rules-
 
 
(a) prescribing places where petroleum may be imported and prohibiting its import elsewhere;
 
 
(b) regulating the import of petroleum;
 
 
(c) prescribing the periods within which licences for the import of 1[class I] petroleum shall be applied for, and providing for the disposal, by confiscation or otherwise, of any 2[class I] petroleum in respect of which a licence has not been applied for within the prescribed period or has been refused and which has not been exported;
 
 
(d) regulating the transport of petroleum;
 
 
(e) specifying the nature and condition of all receptacles and pipe-lines in which petroleum may be transported;
 
 
(f) regulating the places at which and prescribing the conditions subject to which petroleum may be stored;
 
 
(g) specifying the nature, situation and condition of all receptacles in which petroleum may be stored;
 
 
(h) prescribing the form and conditions of licences for the import of dangerous petroleum, and for the transport or storage of any petroleum, the manner in which applications for such licences shall be made, the authorities which may grant such licences and the fees which may be charged for such licences; (i) determining in any class of cases whether a licence for the transport of petroleum shall be obtained by the consignor. consignee or carrier;
 
 
 
 
(j) providing for the granting of combined licences for the import, transport 3[, storage and distribution] of petroleum, or for any two of such purposes;
 
 
(k) prescribing the proportion in which any specified poisonous substance may be added to petroleum, and prohibiting the import, transport or storage of petroleum in which the proportion of any specified poisonous substance exceeds the prescribed proportion; 4[* * *]
 
 
5[(l) regulating the distribution of petroleum;
 
 
(m) prescribing the conditions for the appointment of, and the granting of the licences to, agents, dealers and stockist;
 
 
(n) prescribing the form and conditions of agreement between and agent, dealer or stockist and an oil marketing company;
 
 
(o) providing for cancellation or restoration of licences of an agent or a dealer and of agreement between an oil marketing company and an agent, dealer or stockist; and
 
 
(p) generally, providing for any matter which in its opinion, in expedient for proper control over the import, transport, storage and distribution of petroleum.]
  • 1
    The word and figure "class I" were substituted, for the word "dangerous" by section 4 of the Petroleum (Amendment) Ordinance, 1986 (Ordinance No. XXXIX of 1986).
  • 2
    The word and figure "class I" were substituted, for the word "dangerous" by section 4 of the Petroleum (Amendment) Ordinance, 1986 (Ordinance No. XXXIX of 1986).
  • 3
    The comma and words ", storage and distribution" were substituted, for the words "and storage" by section 3 and 2nd Schedule of the Bangladesh Laws (Revision And Declaration) Act, 1973 (Act No. VIII of 1973).
  • 4
    The word "and" was omitted by section 3 and 2nd Schedule of the Bangladesh Laws (Revision And Declaration) Act, 1973 (Act No. VIII of 1973).
  • 5
    Clauses (l), (m), (n), (o) and (p) were substituted, for clause (l) by section 3 and 2nd Schedule of the Bangladesh Laws (Revision And Declaration) Act, 1973 (Act No. VIII of 1973).
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