Presidential Decree No. 333
AUTHORIZING AS AN EMERGENCY MEASURE THE IMPORTATION, FREE OF DUTIES, OF CERTAIN FINISHED PETROLEUM PRODUCTS FOR A LIMITED PERIOD
WHEREAS, because of unforeseen events there is a threatened cutback of crude oil supply;
WHEREAS, such a cutback will lead to a shortfall of the production of finished oil products;
WHEREAS, there is now an urgent need to fill-up the shortfall of the petroleum products through their importation.
THEREFORE, I, FERDINAND E. MARCOS, President of the
1. Any provision of existing law, executive or administrative
order, or rule or regulation to the contrary notwithstanding, the importation,
free from customs duties, of gasoline, kerosene, diesels, liquefied petroleum
gas, fuel oil, aviation-turbo fuel, and aviation gas by persons or entities
duly authorized by the
Oil Industry Commission,
shall be allowed for a period of 45 days from the approval of this decree
unless sooner terminated by the President.
SEC. 2. Any law or order inconsistent herewith is hereby revoked, amended or modified accordingly.
Done in the City of
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