Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City

SIXTEENTH CONGRESS
First Regular Session

HOUSE BILL NoZOS2

Introduced by Rep. Winston “Winnie” Castelo

EXPLANATORY NOTE

The oi! deregulation {aw and its vision of a competitive market instead rear its
ugly head, There arose instead a scheme where only three leading oil companies
appear to command the price, Thus, instead of veering away from predatory pricing that
the intent of the original law actually seeks, the opposite was the result.

{t can be said that a sort of oll cartel does exist, New players will find it difficult to
Join the game. The vicious pattern of price increases in oil cripples the purchasing
power of the peso on the part of end-users or consumers of oll and high quality
petroleum products

‘There are quarters who vent sentiment for a revisit of tne regime of regulation in
the oil industry with the failure on the expectations that should have unfolded except they
all did not materialize, one way or other. A whole community of stakeholders is pushed
to the verge of an economic cliff, nation included unless a scheme and scene do revert
back to the regulation of the oil industry.

This is the point that the humble measure seeks to address. Free competition
and fair price appear to have been replaced by cartel, monopolies and restraint of trade
toa marked degree. As a result, public interest is not best served thereby on account of
practices that are at bottom, unfair as they are inequitable.

The positive results of retail trade are yet to be seen even at this point in time
tantamount to having likewise been defeated,

If the Department of Eneray is perceived to have failed in the monitoring aspect,
the same may have been made a convenient advantage for the oi! companies whose
Present and future stock inventory are not even glanced at by the DOE-DOJ Task Force
created for the purpose,


For employers, which include the government and private
business , the savings on maintenance and Operational
expenditures are . Costs otherwise spent on electric
bills, water bills, gasoline, telecommunications services on Friday
Could be rechanneled for ‘other productive purposes,

The Immediate enactment of th Bis met cameaty
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INNIE” CASTELO

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Republic of the Philippines
HOUSE OF REPRESENTATIVES
Quezon City

SIXTEENTH CONGRESS
First Regular Session

HOUSE BILL NO. 2632

Introduced by Rep. Winston “Winnie” Castelo

AN ACT
REGULATING OIL INDUSTRY THEREBY REPEALING
REPUBLIC ACT NO, 8479. ALSO KNOWN AS DOWNSTREAM OIL INDUSTRY
DEREGULATION ACT OF 1998

Be it enacted in Senate and House of Representatives of the Republic of the Philiopines
in Congress assembled:

SECTION 1, This Act shal! be known as the “Oil Regulation Act of 2014

SEC. 2. Repeal. - Upon effectivity of this Act, Republic Act No, 8749, also
known as the Downstream Oil Industry Deregulation Act of 1998 is hereby repealed and
the provisions of law amended or repealed by such Act are restored or revived as if such
Act had not been enacted.

SEC. 3, Budgetary Effect of this Act, - Under this scheme of regulation of the oil
industry, the Oil Price Stabilization Fund may not be revived thereby and instead, the
Department of Energy shail promote fair trade in the public interest

SEC. 4, To effectively carry out the provision of this Act, the Department of
Energy shall issue pertinent rules and regulations,

SEC. 5. This Act shall take effect thirty (30) days following its publication in the
Official Gazette and

Approved,