(a) A tax of fourteen cents is imposed on each gallon of gasoline, fossil fuel and diesel fuel (hereinafter referred to as “fuel”) manufactured, sold, consumed, imported or otherwise disposed of in the Virgin Islands.
(b) The tax levied by subsection (a) of this section shall be levied only once on each gallon of gasoline.
(c) The tax imposed on fuel imported into the Virgin Islands under subsection (a) of this section must be paid immediately upon entry into the Territory.