Bill amending Oil Deregulation Law hurdles House panel
MANILA - To mitigate the rising prices of petroleum and fuel products, a measure seeking to amend the Downstream Oil Industry Deregulation Act hurdled committee level at the House of Representatives. The House Committee on Energy, chaired by Pampanga Rep. Juan Miguel Arroyo, approved Tuesday, subject to form and style, the substitute bill that would amend Republic Act 8479, or the "Downstream Oil Industry Deregulation Act of 1998". Under the measure, the proposed amendments to RA 8479 include institutionalizing the minimum inventory requirements for petroleum products for purposes of...
Source: philippinetimes.com