Further Extending The Effectivity Of P.D. No. 333, As Amended, Affecting The Importation Of Liquified Petroleum Gas
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Further Extending The Effectivity Of P.D. No. 333, As Amended, Affecting The Importation Of Liquified Petroleum Gas
Presidential Decree No. 727
June 5, 1975
Case Overview and Summary
Summary of Presidential Decree No. 727Extension of Duty-Free Importation of Liquefied Petroleum Gas (LPG)
- Extends the duty-free importation of LPG up to June 30, 1977, unless sooner terminated by the President. (Entire Decree)
- Rationale:
- Shortage of LPG domestically and high prices in the world market. (Whereas Clause 1)
- Growing demand for LPG in the country while prices remain high, not expected to substantially decline until 1977. (Whereas Clause 2)
- National interest to make adequate supplies of LPG available at low prices to domestic consumers. (Whereas Clause 3)
- Legal Basis: Powers vested in the President by the Constitution. (Opening Paragraph)
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Executive Issuances
Presidential Decrees
liquefied petroleum gas
duty-free importation
shortage
high prices
growing demand
domestic consumers
presidential decree
extension
June 30, 1977
national interest
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Further Extending The Effectivity Of P.D. No. 333, As Amended, Affecting The Importation Of Liquified Petroleum Gas
Presidential Decree No. 727
•June 5, 1975
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 727 June 5, 1975
FURTHER EXTENDING THE EFFECTIVITY OF PRESIDENTIAL DECREE NO. 333, AS AMENDED, AFFECTING THE IMPORTATION OF LIQUIFIED PETROLEUM GAS
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...
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