Preamble
WHEREAS, the immediate price increases on the whole range of refined or blended petroleum productions have brought about extraordinary gains for oil companies on account of the sale at higher prices of finished products, processed from crude oil and other base stocks, purchased or acquired by them before the price adjustment; and WHEREAS, a part of such extraordinary and “unearned” gains should be utilized for the benefit of a greater number of our people. NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby decree and order the following: