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PRESIDENTIAL DECREE NO. 727
PRESIDENTIAL DECREE NO. 727 -
FURTHER EXTENDING THE EFFECTIVITY OF PRESIDENTIAL DECREE NO. 333, AS
AMENDED, AFFECTING THE IMPORTATION OF LIQUIFIED PETROLEUM GAS
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WHEREAS,
the duty-free importation of liquified petroleum gas has been allowed
because of the shortage of this product domestically and its high
prices in the world market;chanroblesvirtualawlibrary
WHEREAS, there is a growing demand for this product in the country
while prices still remain high, not expected to substantially decline
till 1977; chanroblesvirtualawlibrary
WHEREAS, it is to the national interest that adequate supplies of
liquified petroleum gas be made available at low prices to domestic
consumers;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,
Presidential Decree No. 438 and Presidential Decree No. 510 be further
extended as this affects the duty-free importation of liquified
petroleum gas only up to 30 June 1977 unless sooner terminated by the
President.
This Decree shall take effect immediately.
Done in the City of Manila,
this 5th day of June, in the year of Our Lord, nineteen hundred and
seventy-five.
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