English: It can be recalled that Gatchalian filed Senate Bill 2081 which seeks to amend Republic Act 8479 otherwise known as the Downstream Oil Industry Deregulation Act by institutionalizing transparency in the industry. The proposed measure aims to address a legislative gap by providing the DOE with explicit authority to require downstream oil industry participants engaged in the retail of petroleum products to submit information on the cost components of the pump prices when the average price of Dubai crude oil for three consecutive months is equal or greater than $80/barrel.
Filipino: Matatandaang naghain si Gatchalian ng Senate Bill 2081 na naglalayong amyendahan ang Republic Act 8479, o kilala bilang Downstream Oil Industry Deregulation Act, sa pamamagitan ng pag-institutionalize ng transparency sa industriya. Ang panukala ay naglalayong tugunan ang isang legislative gap sa pamamagitan ng pagbibigay sa DOE ng tahasang awtoridad na atasan ang mga nasa downstream oil industry na kabahagi ng retail ng mga produktong petrolyo na magsumite ng impormasyon sa cost components kapag ang average na presyo ng Dubai crude oil para sa tatlong magkakasunod na buwan ay katumbas o higit sa $80 kada bariles.