LEGISLATION
The Petroleum Products Act, 1977 (Act No. 120 of 1977), as amended in 2003 and 2005, governs the sale, storage, and wholesale of petroleum products. Administered by the Department of Mineral Resources and Energy (DMRE), this legislation ensures that no individual or business may operate in the petroleum sector without the appropriate licenses.
PETROLEUM PRODUCTS COVERED
✔ Aviation Gasoline
✔ Biofules
✔ Diesel
✔ Jet Fuel
✔ Liquefied Petroleum Gas
✔ Paraffin
✔ Petrol
✔ Etc.
Site Petroleum License
- New Site Licenses: Required for the storage of petroleum products on-site.
- Change of Hands Applications: Site licenses are transferable when a business changes ownership.
- Amendments to Existing Licenses: Applicable when modifications are made to the site or business.
- License Validity: As long as the business continues to operate and complies with licensing requirements.
Retail Petroleum License
- New Retail Licenses: Required for the sale of petroleum products to consumers.
- Change of Hands Applications: A new retail license must be obtained when ownership changes, as the license is non-transferable.
- Amendments to Existing Licenses: For changes to the business structure or operations.
- Annual License Submissions: Retailers must submit annual compliance documents to maintain their licenses.
Wholesale Petroleum License
- New Wholesale Licenses: For purchasing and selling petroleum products in bulk.
- Change of Hands Applications: Wholesale licenses are transferable, subject to approval.
- Amendments to Existing Licenses: For changes to business operations or storage facilities.
- Annual License Submissions: Required to maintain compliance.
- License Validity: As long as the business operates within the legal framework
LEGISLATION
The Petroleum Products Act, 1977 (Act No. 120 of 1977), as amended in 2003 and 2005, governs the sale, storage, and wholesale of petroleum products. Administered by the Department of Mineral Resources and Energy (DMRE), this legislation ensures that no individual or business may operate in the petroleum sector without the appropriate licenses.
PETROLEUM PRODUCTS COVERED
✔ Aviation Gasoline
✔ Biofules
✔ Diesel
✔ Jet Fuel
✔ Liquefied Petroleum Gas
✔ Paraffin
✔ Petrol
✔ Etc.
Site Petroleum License
- New Site Licenses: Required for the storage of petroleum products on-site.
- Change of Hands Applications: Site licenses are transferable when a business changes ownership.
- Amendments to Existing Licenses: Applicable when modifications are made to the site or business.
- License Validity: As long as the business continues to operate and complies with licensing requirements.
Retail Petroleum License
- New Retail Licenses: Required for the sale of petroleum products to consumers.
- Change of Hands Applications: A new retail license must be obtained when ownership changes, as the license is non-transferable.
- Amendments to Existing Licenses: For changes to the business structure or operations.
- Annual License Submissions: Retailers must submit annual compliance documents to maintain their licenses.
- License Validity: As long as the business complies with all licensing regulations.
Wholesale Petroleum License
- New Wholesale Licenses: For purchasing and selling petroleum products in bulk.
- Change of Hands Applications: Wholesale licenses are transferable, subject to approval.
- Amendments to Existing Licenses: For changes to business operations or storage facilities.
- Annual License Submissions: Required to maintain compliance.
- License Validity: As long as the business operates within the legal framework.
NOTICE
- Amendments: License certificates can be amended if there are changes in the business details, such as the entity name or ownership structure.
- Ownership Changes: If there is a majority ownership change, a new application must be submitted rather than an amendment.
- Renewals: License renewals must be submitted one month before expiration. A grace period of two months is allowed post-expiry, with penalties. Failure to renew within this period results in license cancellation.
For additional services or clarification on petroleum licensing, please feel free to contact us.
NOTICE
- Amendments: License certificates can be amended if there are changes in the business details, such as the entity name or ownership structure.
- Ownership Changes: If there is a majority ownership change, a new application must be submitted rather than an amendment.
- Renewals: License renewals must be submitted one month before expiration. A grace period of two months is allowed post-expiry, with penalties. Failure to renew within this period results in license cancellation.
For additional services or clarification on petroleum licensing, please feel free to contact us.