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(1) The Board shall support commercial practices in the petroleum downstream industry which

(a) serve the public interest,

(b) achieve efficiency and cost reduction,

(c) ensure the continuous supply of petroleum products, and

(d) enhance environmental protection

(2) For purpose of this section “commercial practices” includes

(a) Nationalized depot operations

(b) Open access to storage tanks and pipeline utilization, and

(c) Joint action on spill control and fire prevention.

(3) To ensure the observation of fair equitable practices and the enforcement of existing contracts, the Board shall monitor the conduct of relationships amongst petroleum service providers.