Section 3Part 0 —
Functions of Cabinet
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Cabinet shall establish and maintain policies designed to ensure that —
the importation, exportation, re-export, shipping, transporting, processing, refining, storing, distributing, marketing, and selling of fuels;
the operations and activities of the fuel sector; and
any matters considered by Cabinet to be in the public interest relating to the handling and sale of fuel,
are carried out in a manner that is consistent with the public interest, so as to attain the objectives and purposes set out in subsection (2).
The objectives and purposes referred to in subsection (1) are as follows —
to ensure that the Islands have a proper, adequate and continuous supply of fuel which are obtained under the most economical and competitive terms possible, taking into account all available sources of supply of fuel;
to ensure that the fuel sector in the Islands operates under conditions of orderly, economic, efficient and fair competition;
to ensure the provision to the public of fuel at reasonable prices which accord with international price levels, while ensuring that persons in the fuel sector obtain fair and reasonable returns;
to prevent collusive practices in the fuel sector, particularly as to prices;
to facilitate the introduction of alternative fuels into the economy when economically and technically feasible so to do; and
to facilitate investments in the fuel sector in a manner which promotes fair competition and economic activity and the sustainability of fuel supplies.