A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Presidential Decrees :
the need for a cutback in the volume of crude oil imports has made it
imperative that stringent measures to conserve fuel and avoid wasteful
consumption thereof be adopted;
WHEREAS, one of the most effective measures of fuel and energy conservation is the restructuring of the prices of refined petroleum products;
WHEREAS, in order to correct the demand imbalance it is necessary to reshape the consumption on oil products by realigning the tax component of the price of refined petroleum products;
WHEREAS, the revision of the specific tax rates on these products will generate additional revenue to support the economic programs of the government.
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 the following:
Done in the City of Manila, this 10th day of April in the Year of Our Lord, Nineteen Hundred and Eighty-Four.
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