Guidelines Implementing the Requirement of A Prior Notice on Price Adjustments Pursuant To Memorandum Circular No. 2001-05-002
Pursuant to Sections 14 (a) and 15 (a), (b.ii) and (g), Chapter IV of Republic Act No. 8479 or the Downstream Oil Industry Deregulation Act of 1998 and in order for the Department of Energy (DOE) to monitor movements of domestic oil prices, the DOE hereby adopts the following guidelines to implement and clarify the said Memorandum Circular.