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The Petroleum Products (Development Surcharge) Ordinance, 1961

( Ordinance NO. XXV Of 1961 )

Definitions
2. In this Ordinance, unless there is anything repugnant in the subject or context,-
 
 
 
 
(1) “Company” means a company specified in the Second Schedule;
 
 
 
 
(2) “Development surcharge” means the surcharge payable under section 3;
 
 
 
 
(3) “Differential margin” means the amount by which the fixed sale price exceeds the prescribed price;
 
 
(4) “ Fixed sale price” means the ex-Installation sale price as in force on the thirty-first day of July, 1959, or the price, if any, approved by the Government;
 
 
 
 
(5) “Petroleum Product” means any petroleum product specified in the First Schedule; and
 
 
 
 
(6) “Prescribed price” means the ex-Installation price as determined in accordance with the rules made under section 6.

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