For term contracts—i.e. where the price and purchase conditions are set for a fixed period—in force before 1 March 2007: if a customer asks a wholesale supplier to offer the option of buying a declared petroleum product at the posted TGP or at a price derived from that price, and it would not disadvantage the wholesale supplier, the supplier must make that offer. However, a customer may only make one such request and it must be made within 60 days of 1 March 2007.
Term contracts entered into after 1 march 2007
For term contracts entered into after 1 March 2007: a wholesale supplier must offer the customer the option of buying the declared petroleum product at the posted TGP or at a price derived from that price.
