These rules are hereby promulgated to prescribe the procedures and guidelines for the implementation of Republic Act No. CHAPTER III Signed into law by the President as Republic Act No. 10167 RULE 1 Title. This Act shall be known as the "Downstream Oil Industry Deregulation Act of 1998.". 11494, otherwise known as the “bayanihan to recover as one act” implementing rules and regulations of republic act no. The DOE shall monitor the relationship between the oil companies (refiners and importers) and their dealers, haulers and LPG distributors to help ensure the observance of fair and equitable practices and to ensure the enforcement of existing contracts: Provided, That the DOE shall conciliate and arbitrate any dispute that may arise with respect to the contractual relationship between the oil companies and the dealers, haulers and LPG distributors involving the dealers' mark-up, the freight rate in transporting petroleum products and the margins of LPG distributors for the protection of the public and to prevent ruinous competition: Provided, further, That the arbitration award of the DOE shall be subject to judicial review under existing law.chanrobles virtualaw library. Automatic Oil Pricing Mechanism. In this regard, the DOE shall provide a "Philippine Downstream Oil Industry Investment Guide" to new industry participants and prospective participants. Monitoring. Section 1. If, for any reason, any section or provision of this Act is declared unconstitutional or invalid, such parts not affected thereby shall remain in full force and effect.chanrobles virtualaw library, Sec. Such amount as may be necessary to effectively implement this Act shall be taken by the DOE form its annual appropriations, the DOE' Special Fund created under Sec. 6173, as amended;cralaw, (b) Sec. RULE 2. Section 8. Republic Act No. A Republic Act is a piece of legislation used to create policy in order to carry out the principles of the Constitution. 10643 "AN ACT TO EFFECTIVELY INSTILL HEALTH CONSCIOUSNESS THROUGH GRAPHIC HEALTH WARNINGS ON TOBACCO PRODUCTS," OTHERWISE KNOWN AS "THE GRAPHIC HEALTH WARNINGS LAW" WHEREAS, Republic Act No. Automatic Oil Pricing Mechanism. Section 17. Rules of Procedure in Administrative Cases under Republic Act No. Separability Clause. February 6, 1998 . Title. This Act shall apply to all persons or entities engaged in any and all activities of the domestic downstream oil industry, as well as persons or companies directly importing refined petroleum products for their own use.chanrobles virtualaw library. It paved the way for the deregulation of the downstream oil industry. The BPS shall also specify the allowable content of additives in all types of fuels and fuel-related products. Definition of Terms. "The Board shall, on the dates of effectivity of the automatic oil pricing formula, the initial WPP or the adjusted WPP, publish the same, together with the corresponding computation in two (2) national newspapers of general circulation.". 5 of Executive Order No. Section 15. 9160 or the Anti-Money Laundering Act of 2001, as Amended, and its Implementing Rules and Regulations, and Guidelines and Other Issuances of the Anti-Money Laundering Council, and the Impos If, for any reason, any section or provision of this Act is declared unconstitutional or invalid, such parts not affected thereby shall remain in full force and effect. 137:chanroblesvirtuallawlibrary, Provided, however, That in case full deregulation is started by the President in exercise of the authority provided in this Sec. (c) Paragraph 2 of Letter of Instruction No. 8479. 1441 is hereby deleted. To review and reset the prices of domestic petroleum products up or down as necessary on or before the third Monday of each month to reflect the new WPP of refined petroleum products based on the approved automatic pricing formula.". : All Rights Reserved ReDiaz www.chanrobles.com. — These rules shall be known and cited as the Rules and Regulations Implementing Republic Act … (2) Additional deduction for labor expenses; (3) Minimum tax and duty of three percent (3%) and value-added tax (VAT) on imported capital equipment; (4) Tax credit on domestic capital equipment; (6) Unrestricted use of consigned equipment; (7) Exemption from the real property tax on production equipment or machineries; (8) Exemption from taxes and duties on imported spare parts; and. February 17, 1998. 1937, as amended, otherwise known as the Tariff and Customs Code: Provided, further, That beginning January 1, 2004 or upon implementation of the Uniform Tariff Program under the World Trade Organization and ASEAN Free Trade Area commitments, the tariff rate shall be automatically adjusted to the appropriate level notwithstanding the provisions under this Sec. To review and reset the prices of domestic petroleum products up or down as necessary on or before the third Monday of each month to reflect the new WPP of refined petroleum products based on the approved automatic pricing formula."chanroblesvirtuallawlibrary. 11 of this Act to the Joint Task Force. Section 2. Budgetary Appropriations. Sec. Sec. [REPUBLIC ACT NO. (a) The DOE shall monitor and publish daily international crude oil prices, as well as follow the movements of domestic oil prices. Section 3 of Executive Order No. Section 29. 9255 based on the Supreme Court Ruling in the case of "Grande vs . Title. Any person or entity shall report any violation of Section 11 of this Act to the Joint Task Force. (d) Any report from any person of an unreasonable rise in the prices of petroleum products shall be immediately acted upon. Of this amount, two percent (2%) plus any additional funding shall be allocated for he two-fold program; one percent (1%) plus any additional funding shall be set aside for administrative, maintenance, and other operating expenses; ninety-four percent (94%) shall be used exclusively for lending and financial assistance; the remaining three percent (3%) shall be utilized in accordance with the provisions of Section 26 of this Act: Provided, That the loans to be awarded herein shall be from short- to medium-term with low interest rates; Provided, further, That these loans shall be awarded to qualified persons who are able to comply with the conditions set forth in the next two (2) preceding paragraphs. SECTION 1. 10643 "an act to effectively instill health consciousness through graphic health warnings on tobacco products," otherwise known as "the graphic health warnings law" whereas, republic act no. The Lawphil Project - Arellano Law Foundation. To enable the domestic price of petroleum products to approximate and promptly reflect the prices of oil in the international market, an automatic pricing mechanism shall be established. document.write("1998 - "+yr); The Board shall, on the day of the effectivity of the aforesaid formula, publish in at least two (2) newspapers of general circulation the mechanics of the formula for the information of the public. Pursuant to Section 47 of Republic Act No. RULE II THE PHILIPPINE APPROACH TO SOCIAL REFORM AND POVERTY ALLEVIATION Section 1. 192, Series of 1987, the Department of Environment and Natural Resources hereby adopts and promulgates the following rules and … 10068 or Organic Agriculture Act of 2010. Republic Acts and Implementing Rules and Regulations; RA 7899 – “The Condominium Act” Posted on February 20, 2018 . Any person, including but not limited to the chief operating officer, chief executive officer or chief finance officer of the partnership, corporation or any entity involved, who is found guilty of any of the said prohibited acts shall suffer the penalty of three (3) to seven (7) years imprisonment, and a fine ranging from One million pesos (P 1,000,0000.00) to Two million pesos (P 2,000,000.00). The price adjustment shall be reflected automatically in the approved WPP of each petroleum product.". It can only be repealed by a similar act of Congress. 172, as amended;cralaw, (c) Letter of Instruction No. Persons who successfully complete the two-fold program shall be entitled to government assistance being extended by government lending agencies, in the form of medium- to long-term loans with low interest rates and to the gasoline training station training and loan fund provided hereunder, to serve as capital for the establishment and operation of gasoline stations. AN ACT DEREGULATING THE DOWNSTREAM OIL INDUSTRY AND FOR OTHER PURPOSES . THE IMPLEMENTING RULES AND REGULATIONS ORR) OF REPUBLIC ACT NO. Buffer Fund. For purposes of this provision, "variable cost" as distinguished from "fixed cost", refers to costs such as utilities or raw materials, which vary as the output increases or decreases and "average variable cost" refers to the sum of all variable costs divided by the number of units of outputs.chanroblesvirtuallawlibrary, Any person, including but not limited to the chief operating officer, chief executive officer or chief finance officer of the partnership, corporation or any entity involved, who is found guilty of any of the said prohibited acts shall suffer the penalty of three (3) to seven (7) years imprisonment, and a fine ranging from One million pesos (P 1,000,0000.00) to Two million pesos (P 2,000,000.00).chanrobles virtualaw library.