Memorandum Circular No. 2001-05-002



TO                   :           ALL OIL COMPANIES




DATE             :           25 May 2001




Pursuant to Republic Act No. 8479, the Department of Energy is mandated to monitor domestic petroleum prices and assess its reasonableness in light of the prevailing market conditions.  In order for the DOE to perform this function effectively, it is imperative that we are apprised of current and related developments in the industry.


It is, therefore, requested that all oil companies engaged in business in the Philippines extend due courtesy to the Department by notifying us of the details of oil price adjustments, whether upward or downward, at least one (1) day prior to its effectivity.


May we reiterate that the House Committee on Energy has earlier recommended implementation of this procedure.


Your company’s full cooperation and compliance is hereby enjoined.







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; Consult the laws of the Philippine Energy Sector; Philosophize; or Search.


This page is best viewed using Microsoft Internet Explorer 11.0.


Last revised:  February 27, 2016 08:38 PM.


Caveat EmptorOwners of the sites included herein do not explicitly endorse this page.


Comments, suggestions, objections, or violent reactions?


Let me know.