Bill Type
Congress Name
Long Title
AN ACT INSTITUTING PARTIAL DEREGULATION OF THE DOWNSTREAM OIL INDUSTRY, AMENDING FOR THE PURPOSE SPECIFIC SECTIONS OF REPUBLIC ACT NUMBERED EIGHTY-FOUR HUNDRED AND SEVENTY-NINE, OTHERWISE KNOWN AS THE `DOWNSTREAM OIL INDUSTRY DEREGULATION ACT OF 1998,' AND FOR OTHER PURPOSES
Date filed
March 5, 2003
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. House Bill No. 5824, 12th Congress of the Republic | |
| FULL TITLE : AN ACT INSTITUTING PARTIAL DEREGULATION OF THE DOWNSTREAM OIL INDUSTRY, AMENDING FOR THE PURPOSE SPECIFIC SECTIONS OF REPUBLIC ACT NUMBERED EIGHTY-FOUR HUNDRED AND SEVENTY-NINE, OTHERWISE KNOWN AS THE `DOWNSTREAM OIL INDUSTRY DEREGULATION ACT OF 1998,' AND FOR OTHER PURPOSES | |
| ABSTRACT : The bill seeks to institute partial deregulation in the downstream oil industry by allowing the government to re-impose control over the pricing of oil products and thus protect consumers from oligoly pricing. A partially deregulated industry wouldprovide safegurads against oligopolistic dominance, price fixing and overpricing through an effective automatic pricing mechanism. | |
| PRINCIPAL AUTHOR/S : GARCIA, ENRIQUE JR. T. | |
| DATE FILED : 2003-03-05 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Del Mar | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Clarete (061 ) | 2. Amin (067 ) |
| ADMINISTRATION BILL? No | |
| URGENT BILL? No | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON ENERGY ON 2003-03-12 |
Abstract
The bill seeks to institute partial deregulation in the downstream oil industry by allowing the government to re-impose control over the pricing of oil products and thus protect consumers from oligoly pricing. A partially deregulated industry wouldprovide safegurads against oligopolistic dominance, price fixing and overpricing through an effective automatic pricing mechanism.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.