An Act Institutionalizing Transparency in the Philippine Downstream Oil Industry and Amending for the Purpose Republic Act No. 8479 Otherwise Known as the Downstream Oil Industry Deregulation Act
The bill would require the Department of Energy to collect detailed cost breakdowns from retail oil companies whenever Dubai crude oil averages at least $80 per barrel for three months, keep the data confidential, and impose large fines on firms or officials that do not comply.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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SBN-641 · Sources: BetterGov Open Congress, BatasWatch
Similar in what they’d do, filed by any lawmaker.