Get the free Circular: The Price Cap on Russian Oil
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P&I Circular
No 2693/2023
10 February 2023The price cap on Russian oil and petroleum products
UPDATE 10 February 2023
On 5 February 2023 the Price Cap Scheme intended to curb the revenue Russia derives
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What is circular form price cap?
Circular form price cap is a form used to set a maximum price that can be charged for a particular product or service within a specific market.
Who is required to file circular form price cap?
Companies or organizations that operate within regulated industries and are subject to price controls may be required to file circular form price cap.
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Circular form price cap can typically be filled out online or submitted in person to the appropriate regulatory agency. The form will require information about the product or service, proposed pricing, and justification for the pricing.
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The purpose of circular form price cap is to prevent price gouging, promote fair competition, and protect consumers from excessive pricing.
What information must be reported on circular form price cap?
Information such as the product or service being priced, the proposed pricing structure, justification for the pricing, and any relevant market data may need to be reported on circular form price cap.
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