66.
| (1) The Minister may, with the concurrence of the Minister of Finance, by a Petroleum Price Order (hereafter referred to as an " Order "), in respect of petroleum of any class or description referred to in the Order, specify or determine any one or more of the following matters: -
| | (a) the maximum spot price or rate, | | |
| | (b) the minimum spot price or rate, | | |
| | (c) the spot price or rate, | | |
| | (d) the maximum amount or percentage of discount or rebate, | | |
| | (e) the formula fixing the price, | | |
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| (2) Any Order under subsection (1) may-
| | (a) be limited in operation to petroleum sold, supplied or delivered by the Corporation, or | | |
| | (b) be made applicable to any petroleum sold, supplied or delivered whether by the Corporation or any other person, | | |
| | (c) be limited in operation to any particular place or area and in duration for any specified time or period, | | |
| | (d) prescribe the conditions of sale, supply or delivery of any petroleum. | | |
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| (3) Every Order under this section shall come into operation when such Order is made and signed by the Minister or on such later date as may be specified in the Order. |
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| (4) After an Order has been signed by the Minister, public notice thereof shall forthwith be given-
| | (a) by publication of the Order in the Gazette; and | | |
| | (b) in such other manner as may be prescribed. | | |
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| (5) An Order under this section, upon publication in the Gazette, shall be deemed to be as valid and effectual as if it were herein enacted. |
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| (6) Any Order under subsection (1) may be altered, varied, modified or revoked by the Minister, with the concurrence of the Minister of Finance. |
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| (7) Any Order under this section may provide that any such provisions of the Control of Prices Act or any regulations made thereunder, as may be specified in the Order shall, with such modifications as may be so specified, apply in relation to that Order. |
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Sri Lanka Consolidated Acts