Bill Type
Congress Name
Long Title
AN ACT IMPOSING CIVIL PENALTIES ON UNREASONABLE PRICE INCREASES FOR CRUDE OIL, RESIDUAL FUEL OIL, OR REFINED PETROLEUM PRODUCTS
Date filed
August 4, 2008
Scope
Legislative History
| House Bill/Resolution NO. HB04890 |
| FULL TITLE : AN ACT IMPOSING CIVIL PENALTIES ON UNREASONABLE PRICE INCREASES FOR CRUDE OIL, RESIDUAL FUEL OIL, OR REFINED PETROLEUM PRODUCTS |
| SHORT TITLE : "fuel Pricing Fairness Act Of 2008" |
| ABSTRACT : Proposes to impose a fine of not less than P1 million but not more than P10 million on energy-producing companies for every unreasonable price increase. |
| PRINCIPAL AUTHOR/S : SANTIAGO, NARCISO III D. |
| DATE FILED : 2008-08-04 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Codilla (015 ) |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Under deliberation by the Mother Committee on 2008-09-09 |
| 2. Under deliberation by the Mother Committee on 2008-11-19 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON ENERGY ON 2008-08-11 |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON TRADE AND INDUSTRY |
Abstract
Proposes to impose a fine of not less than P1 million but not more than P10 million on energy-producing companies for every unreasonable price increase.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.