The passage of R.A. 8479 otherwise known as the “Downstream Oil Industry Deregulation Act of 1998” liberalized and deregulated the country’s downstream oil industry to ensure a truly competitive market and an adequate and continuous supply of environmentally-clean and high-quality petroleum products. To attain these goals, the government continues to encourage the entry of new investors in the downstream oil industry.
|Source Institution||Department of Energy|
|Place of Publication||Manila|
|Original Publication Date|