WHEREAS, Presidential Decree No. 1934 was issued for the
purpose of amending certain provisions of Republic Act No. 4136, otherwise known
as the Land Transportation and Traffic Code, in view of the need to conserve
energy and fuel and utilize these resources properly;
WHEREAS, there is a pressing need to provide funds for road
maintenance and construction;
WHEREAS, in line with said purpose, there is a need to
further amend certain sections thereof, so that the road user charge for 2/3
Axle trucks is reduced by 30%, from P60 to P40, and the fixed common carriers
tax for public utility jeeps and motorcycles is reduced by 50%, from P500 to
P250 and P200 to P100, respectively, to provide adequate transition;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me by the Constitution, do hereby
order and ordain: