PETROLEUM EQUALISATION FUND (MANAGEMENT BOARD, ETC.) ACT

Section 5: Calculation of surplus revenue recoverable.

1973Section 5 of 14Federal Republic of Nigeria

The net surplus revenue recoverable from an oil marketing company under this Act shall be calculated by reference to the volume of the affected products sold on zonal basis and to the amount by which the uniform prices at which the products were sold exceeded, or were less than, the prices of those products prevailing immediately before the fixing of the uniform prices of the products.

Cite this section

Section 5, PETROLEUM EQUALISATION FUND (MANAGEMENT BOARD, ETC.) ACT (1973).

https://repo.podus.ai/laws/petroleum-equalisation-fund-management-board-etc-act/section/5/