Preamble
WHEREAS, the grant of immediate price increases on the whole range of refined or blended petroleum products, oil companies derived extraordinary gains from the sale at higher prices of finished products processed from crude oil and other base stocks acquired at lower prices; WHEREAS, a part of such extraordinary gains should be remitted to the Government for the benefit of a greater member of our people and the balance of such gains be devoted by the oil companies in projects designed to improve the capacity and efficiency of their facilities; 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 the following: