Deregulation of Downstream Oil Industry

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Republic Act No. 8180: Deregulation of Downstream Oil Industry

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Title Source: Supreme Court: Deregulation of Downstream Oil Industry

Law: Republic Act No. 8180

Decision Date: Mar 28, 1996

The Downstream Oil Industry Deregulation Act of 1996 aims to promote fair prices, continuous supply, and high-quality petroleum products in the Philippines by allowing importation, operation of refineries, and market competition, while prohibiting cartelization and non-compliance with regulations.

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