EIAB Memorandum Circular No. 97-04-004

 

 

TO                   :

ALL OIL COMPANIES

ALL LPG INDEPENDENT MARKETERS AND DEALERS

ALL CONCERNED

 

SUBJECT       :

SUBMISSION OF LPG PRICE LIST

 

WHEREAS, Republic Act No. 8180, otherwise known as the ďDownstream Oil Industry Deregulation Act of 1996Ē, provides for the deregulation of the downstream oil industry to foster a truly competitive market which can better achieve the social policy of environmentally clean and high-quality petroleum products;

 

WHEREAS, for the protection of the consuming public, Rule IV, Section 12 (a) of the Implementing Rules and Regulations of R.A. 8180 requires that prices of petroleum products, including LPG, be monitored by the Department of Energy, to determine whether said prices are reasonable or not; and

 

WHEREAS, during the full deregulation, prices of LPG will shall be closesly monitored by the EIAB of the Department of Energy.

 

NOW, THEREFORE, effective 1 May 1997, all the oil companies, LPG independent marketers and dealers, and all concerned shall be required to submit a price list for LPG every 20th day of the month to the Energy Industry Administration Bureau (EIAB) of the Department of Energy.

 

Failure to comply with this directive shall subject the violator to corresponding administrative sanctions as may be imposed by the Bureau.

 

Enclosed herewith is the standard format for your guidance.

 

Your strict compliance is hereby enjoined.

 

Fort Bonifacio, Taguig, Metro Manila, April 2, 1997.

 

 

 

MARCIA F. GESMUNDO

Acting Director

 

 

 

Approved:

 

 

 

FRANCISCO L. VIRAY

Secretary

 

 

 

PRICE LIST

As of ____________

 

 

FOR LPG

 

Peso/Liter       :  _____________

 

Peso/Kg.         :  _____________

 

Product

Dealerís Price

Suggested Retail Price

2.7 kg.

 

 

7.0 kg.

 

 

11.0 kg.

 

 

22.0 kg.

 

 

50.0 kg.

 

 

 

Dealerís Name            :  ____________________________

 

Location                      :  ____________________________

 

Supplier                      :  ____________________________

 

Brand Name                :  ____________________________

 

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