WHEREAS, the duty-free importation of liquified petroleum
gas has been allowed because of the shortage of this product
domestically and its high prices in the world market;
WHEREAS, there is a growing demand for this product in the
country while prices still remain high, not expected to substantially
decline till 1977;
WHEREAS, it is to the national interest that adequate
supplies of liquified petroleum gas be made available at low prices to
domestic consumers;
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 decree that the effectivity of Presidential Decree
No. 333, as amended by Presidential Decree No. 343, Presidential Decree
No. 368, Presidential Decree No. 438 and Presidential Decree No. 510 be
further extended as this affects the duty-free importation of liquified
petroleum gas only up to 30 June 1977 unless sooner terminated by the
President.
This Decree shall take effect immediately.
Done in the City of Manila, this 5th day of June, in the year
of Our Lord, nineteen hundred and seventy-five.
(Sgd.)
FERDINAND E. MARCOS
President
Republic of the Philippines
By the President:
(Sgd.)
ALEJANDRO MELCHOR
Executive Secretary