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MGA BATAS PAMBANSA
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Sponsored
by: The
ChanRobles Group
A
collection of Philippine laws, statutes and codes
not
included or cited in the main
indices
of
the Chan Robles Virtual Law Library.
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| BATAS PAMBANSA BLG. 33 - AN ACT
DEFINING AND PENALIZING CERTAIN PROHIBITED ACTS INIMICAL TO THE PUBLIC
INTEREST AND NATIONAL SECURITY INVOLVING PETROLEUM AND/OR PETROLEUM
PRODUCTS, PRESCRIBING PENALTIES THEREFOR AND FOR OTHER PURPOSES |
| Section 1. Sec. 2. (a) (b) (c) (d) (e) (f) Sec. 3. "Illegal trading in petroleum
and/or petroleum products" — the sale or distribution of petroleum
products for profit without license or authority from the Government;
non-issuance of receipts by licensed traders; misrepresentation as to
quality and/or quantity; and sale by oil companies, distributors and/or
dealers violative of government rules and regulations.
"Hoarding" — the undue accumulation by a trader of petroleum and/or petroleum products beyond his or its normal inventory levels and/or the unjustified refusal to dispose of, sell or distribute the same to consumers; or the unreasonable accumulation by a person other than a trader of petroleum and/or petroleum products. "Overpricing" — the sale of
petroleum and/or petroleum products at prices in excess of those duly
authorized by the Government.
"Misuse of allocation" — the sale, transfer or diversion of mandated petroleum fuel allocations by oil companies, distributors, dealers or consumers contrary to the declared intent of the Government in making such allocation. Sec. 4. Trials of cases arising under this Act shall be terminated within thirty (30) days after arraignment. When the offender is a corporation, partnership, or other juridical person, the president, general manager, managing partner, or such other officer charged with the management of the business affairs thereof shall be criminally liable. If the offender is a government official or employees, he shall perpetually be disqualified from office. Sec. 5. Sec. 6. Approved: June 6, 1979. |
Since 19.07.98.
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