Fair Marketing of Petroleum Products Act - Prohibits refiners or distributors of petroleum products from canceling, failing to renew, or otherwise terminating a franchise unless the retailer or distributor whose franchise is terminated failed to comply substantially with any essential and reasonable requirement of such franchise or failed to act in good faith in carrying out the terms of such franchise, or unless such refiner or distributor withdraws entirely from the sale of refined petroleum products in commerce for sale other than resale in the United States.

Limits the marketing activities of a person who is a major market shareholder, as such term is defined in this Act, prohibiting the establishment of new distributorships or retail outlets the personnel of which are under the control of such person or under the control of an entity controlled by such person if such activity would yield to such shareholder a specified share of the market for petroleum products.

Sets forth procedural and jurisdictional requirements for suits brought as result of violation of this Act.