WHEREAS, under Presidential Decree No. 56, dated
November 17, 1972, the Oil Industry Commission, among other agencies,
has been placed under the administrative supervision of the National
Economic Development Authority, hereinafter referred to as the NEDA, the
highest development planning body of the country, for the purpose of
providing the all-important link between the regulatory functions of the
Commission and the development orientation required for a more
effective performance of its functions;
WHEREAS, to enable the NEDA to exercise more
effective supervision and control over the Oil Industry Commission, it
is necessary that all the decisions and orders of said Commission be
made reviewable by the NEDA in the light of their development
implications;
WHEREAS, to expedite proceedings in the Oil
Industry Commission and to provide the said Commission with more
flexibility in resolving urgent cases, it is also necessary to grant the
Commission express power to issue provisional orders and to change the
existing mode of appeal from the orders and decisions of the Commission;
WHEREAS, there was pending before Congress prior
to the promulgation of Proclamation No. 1081, dated September 21, 1972,
a proposed amendment to Republic Act Numbered Sixty-One Hundred and
Seventy-Three;
WHEREAS, said proposed amendment bearing House
Bill No. 5165 and Senate Bill No. 895, would, among other things,
authorize the Oil Industry Commission to use the application,
registration, inspection and other fees and charges that it collects in
the discharge of its quasi-judicial and regulatory functions;
WHEREAS, there is a need to grant the said
authority to the Oil Industry Commission to augment its funds for
operational expenses and enable it to carry out more effectively its
objectives under the law; and
WHEREAS, while Sections fourteen and fifteen of
Republic Act Numbered Sixty-one hundred and seventy-three provide for
the source of funds for the operational expenses of the Oil Industry
Commission, the sum of P1,500,000 is likewise appropriated in the
current General Appropriations Act (Republic Act No. 6551) for the
budgetary use of the same Commission, thereby making it necessary to
clarify the funding of the said Commission;
NOW, THEREFORE, I, FERDINAND E. MARCOS,
President of the Philippines, by virtue of the powers vested in me by
the Constitution as Commander-in-Chief of all 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 declare the following amendments to Republic
Act No. 6173 which are hereby adopted, approved, and made part of the
law of the land: