DOE EIAB MEMORANDUM CIRCULAR NO. 97-01-001

: Republic Act 8180, otherwise known as the Downstream Oil Industry Deregulation Act of 1996, provides the basis for deregulation of the downstream oil industry.
: The purpose is to foster a truly competitive market which can better achieve social policy objectives of fair prices and an adequate, continuous supply of environmentally clean and high-quality petroleum products.
: It requires all retailers of petroleum products to display the prices of petroleum products sold in gasoline stations on price display boards.
: The requirement took effect on 01 March 1997, coinciding with the start of full deregulation.
: The Energy Industry Administration Bureau of the Department of Energy is responsible for regularly monitoring the price display boards.
: Green for Unleaded Premium Gasoline; Red for Premium Low Lead Gasoline; Orange for Regular Gasoline; Yellow for Diesel Fuel; White for Kerosene; Light Blue for LPG.
: The numeric entries must be at least six (6) inches in height.
: The numeric entries must be colored in black.
: Violators may be subjected to corresponding administrative sanctions as may be imposed by the Energy Industry Administration Bureau.