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PRESIDENTIAL DECREE NO. 333
PRESIDENTIAL DECREE NO. 333
- AUTHORIZING AS AN EMERGENCY MEASURE THE IMPORTATION, FREE OF DUTIES,
OF CERTAIN FINISHED PETROLEUM PRODUCTS FOR A LIMITED PERIOD
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WHEREAS,
because of unforeseen events there is a threatened cutback of crude oil
supply;chanroblesvirtualawlibrary
WHEREAS, such a cutback will lead to a shortfall of the production of
finished oil products;chanroblesvirtualawlibrary
WHEREAS, there is now an urgent need to fill-up the shortfall of the
petroleum products through their importation.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers in me vested by the Constitution as
Commander-in-Chief of the Armed Forces of the Philippines, and pursuant
to Proclamation No. 1081 dated September 21, 1972, and General Order
No. 1 dated September 22, 1972, as amended do hereby order and decree
the following: chanroblesvirtualawlibrary
Section 1. Any provision of existing law, executive
or administrative order, or rule or regulation to the contrary
notwithstanding, the importation, free from customs duties, of
gasoline, kerosene, diesels, liquified petroleum gas, fuel oil,
aviation-turbo fuel, and aviation gas by persons or entities duly
authorized by the Oil Industry Commission, shall be allowed for a
period of 45 days from the approval of this decree unless sooner
terminated by the President.
Section 2. Any law or order inconsistent herewith is
hereby revoked, amended or modified accordingly. chanroblesvirtualawlibrary
Done in the City of Manila,
this 9th day of November, in the year of Our Lord, nineteen hundred and
seventy-three.
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