Amending P.D. No. 333 (s. 1973) As Amended
Presidential Decree No. 416, issued on March 19, 1974, by President Ferdinand E. Marcos, amends previous decrees in response to the international oil crisis. It permits the duty-free importation of various petroleum products, including kerosene, diesel, and liquefied petroleum gas, until June 30, 1974, or until the President decides to terminate this provision. The decree overrides any conflicting laws, executive orders, or regulations. It aims to mitigate the impact of the oil crisis on the Philippines. The decree takes effect immediately.
Law Information
- Reference Number
- Presidential Decree No. 416
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Decrees
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 19, 1974
PRESIDENTIAL DECREE NO. 416
FURTHER AMENDING PRESIDENTIAL DECREE NO. 333, DATED NOVEMBER 26, 1973, AS AMENDED BY PRESIDENTIAL DECREE NOS. 343 AND 368
As an emergency measure against the current international oil crisis, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution as Commander-in-Chief of the Armed Forces of the Philippines, and pursuant to Proclamation No. 1081 dated September 21, 1972, and General Order No. 1, dated September 22, 1972, as amended, do hereby order, decree and amend Presidential Decree No. 333, as amended by Presidential Decree No. 343 and Presidential Decree No. 368, as follows:
SECTION 1. Section 1 is hereby amended to read as follows:
"SEC. 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 kerosene, diesels, liquefied petroleum gas, fuel oil, aviation-turbo fuel, aviation gas, and other processed products as may be determined by the President upon certification of the Philippine National Oil Company by persons or entities duly authorized by the Oil Industry Commission shall be allowed until 30 June 1974 unless sooner terminated by the President." cd
SECTION 2. This Decree shall take effect immediately.
DONE in the City of Manila, this 19th day of March, in the year of Our Lord, Nineteen Hundred and Seventy-Four.
Cite This Law
Amending P.D. No. 333 (s. 1973) As Amended, Presidential Decree No. 416, Mar 19, 1974 (Philippines)
Amending P.D. No. 333 (s. 1973) As Amended, Presidential Decree No. 416 (Phil. 1974)
Related Laws
- Extending the Effectivity of P.D. No. 333 As AmendedPresidential Decree No. 438 • Apr 19, 1974 • Presidential Issuances
- Extending the Effectivity of P.D. No. 333 As AmendedPresidential Decree No. 368 • Jan 5, 1974 • Presidential Issuances
- Amendment to P.D. No. 333Presidential Decree No. 343 • Nov 26, 1973 • Presidential Issuances
- Amendment to P.D. No. 138 (s. 1973) As AmendedPresidential Decree No. 481 • Jun 10, 1974 • Presidential Issuances
- Amending P.D. No. 213 (s. 1973)Presidential Decree No. 327 • Oct 31, 1973 • Presidential Issuances
- Amending P.D. No. 244 (s. 1973)Presidential Decree No. 359 • Dec 30, 1973 • Presidential Issuances
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