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PRESIDENTIAL DECREE NO. 510
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PRESIDENTIAL DECREE NO. 510
- FURTHER EXTENDING THE EFFECTIVITY OF PRESIDENTIAL DECREE NO. 333, AS
AMENDED, AFFECTING THE IMPORTATION OF LIQUEFIED PETROLEUM GAS
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chanroblesvirtualawlibrary
WHEREAS, at
the height of the energy crisis, the country suffered from the cutback
of crude oil and experienced an acute shortage of petroleum products;chanroblesvirtualawlibrary
WHEREAS, in the face of this shortage temporary measures were enacted
to lift protective tariffs and allow for the duty-free importation of
the scarce petroleum products vital to the country's economic growth;chanroblesvirtualawlibrary
WHEREAS, the oil situation has relatively improved and it has been
assessed that the country at present possesses adequate supplies of
petroleum products, except for liquefied petroleum gas, a widely-used
commercial, industrial and domestic fuel;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
order and decree that the effectivity of Presidential Decree No. 333,
as amended, by Presidential Decree No. 343, Presidential Decree No. 368
and Presidential Decree No. 438 be further extended as this affects the
duty-free importation of liquefied petroleum gas only up to 30 June
1975 unless sooner terminated by the President.
This Decree shall take effect immediately.
DONE in the City of Manila,
this 18th day of July, in the year of Our Lord, nineteen hundred and
seventy-four.
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