2011 Annual Report - The Commerce Commission

Table: 18 Investigations and Research-2011(Cont…)CommissionResearch ReportIssues/other topics OutcomeAs part of the fourth phase, stakeholders were given three weeks to make objections to theproposed pricing structure and components used in the new pricing template. The deadline set wasfor October 17 th , 2011. The stakeholders were asked to give responses with the relevant supportingdocuments and data pertaining to the new pricing template.After the three oil companies made their submissions, the Commission began to review the issueshighlighted by the stakeholders. A thorough analysis showed that information submitted bystakeholders did not fully support their claims for their indicated values as submissions were withoutdocumentary evidence. The Commission then, via face to face meetings with each stakeholder,outlined what was required to submit. The Commission was still receiving information on areas ofconcern such as operating costs, demurrage, ocean loss and exchange rate.Domestic LiquidPetroleum GasA preliminary investigation and information paper on the need to impose price controls on LPGproducts in Fiji was carried out and the recommendations put forward by the CommissionThis was a preliminaryresearch into theDomestic LiquidPetroleum Gas and athorough investigationand report is planned tobe carried out in the firstquarter of 2012.4.3 Determinations MadeThe following determinations were made and released by the Commission through the PCM during the year 2011.Page214of236