EIAB
Memorandum Circular No. 97-01-003
TO: ALL OIL COMPANIES
ALL DEALERS/OPERATORS OF
GASOLINE STATIONS
ALL CONCERNED
SUBJECT: INSTALLATION OF PRICE DISPLAY BOARDS
WHEREAS,
Republic Act No. 8180, otherwise known as the
“Downstream Oil Deregulation Act of 1996”, provides for the deregulation of the
downstream oil industry to foster a truly competitive market which can better
achieve the social policy objectives of fair prices and adequate, continuous
supply of environmentally-clean and high-quality petroleum products;
WHEREAS,
for the convenience of the public and monitoring of prices of petroleum
products,
Rule IV Section 12 (b) of the Implementing
Rules and Regulations of RA 8180 requires all retailers of petroleum
products to display the prices of petroleum products sold in gasoline stations
in price display boards; and
WHEREAS,
during the full deregulation, such price display boards shall be regularly
monitored by the Energy Industry Administration Bureau of the
Department of Energy.
NOW,
THEREFORE, effective 01 March 1997 or at the start of the effectivity of full
deregulation, all dealers/operators of gasoline stations shall be required to
display the price of each type of petroleum product sold in their
establishments tin prominently installed price display boards based on the
following specification requirements:
(1) Backgrounds conforming to the following color coding scheme:
Green – Unleaded Premium Gasoline
Red – Premium Low Lead Gasoline
Orange – Regular Gasoline
Yellow – Diesel Fuel
Light Blue – LPG
(2) All numeric entries shall be at least six (6) inches in height and colored in black.
Failure
to comply with this directive shall subject the violator to the corresponding
administrative sanctions as may be imposed by the Bureau.
Your
strict compliance is hereby enjoined.
MARCIA F. GESMUNDO
Acting
Director
Energy
Industry Administration Bureau
APPROVED:
FRANCISCO L. VIRAY
Secretary of Energy
What do you want to do now?
Go Back to the Top; Go back to art’s home page; Laugh or Be Entertained; Destroy Cartels and Monopolies; Invest or Find a Job; Check Software or a Computer; Check out the latest News; Look for a School; Greet a Friend; Dip Into Black Gold and be Electrified; Express Yourself; Relive the Past; Get Involved in the Law, Government, & Politics; Read Some Classics; Meet New People; Consult the laws of the Philippine energy sector; Philosophize; or Search.
This page is best viewed using Microsoft Internet Explorer 4.0 or higher.
Last revised: August 16, 2009 05:30 PM.
Caveat Emptor: Owners of the sites included herein do not explicitly endorse this page.
Comments, suggestions, objections, or violent reactions?