FURTHER AMENDING PRESIDENTIAL DECREE NO. 333, DATED NOVEMBER 26, 1973, AS AMENDED BY PRESIDENTIAL DECREE NOS. 343 AND 368

• Number: Presidential Decree No. 416
• Sections: 3

Preamble

As an emergency measure against the current international oil

crisis, I, FERDINAND E. MARCOS, President of the Philippines, by

virtue of the powers in me vested 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 amend Presidential Decree No. 333, as amended by Presidential

Decree No. 343 and Presidential Decree No. 368, as follows:

Section 1

SECTION 1. Section 1 is hereby amended to read as follows:

"SECTION 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."

Section 2

SEC. 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.

(Sgd.) FERDINAND E.

MARCOS

President

Republic of the Philippines

By the President:

(Sgd.) ALEJANDRO

MELCHOR

Executive Secretary