Legal Mandate for Price Display Boards
- Implements Rule IV Section 12 (b) of the Implementing Rules and Regulations of RA 8180.
- Requires all petroleum product retailers at gasoline stations to display prices on price display boards for public convenience and price monitoring.
Monitoring Authority
- The Energy Industry Administration Bureau (EIAB) of the Department of Energy is tasked with regularly monitoring price display boards during full deregulation.
Effective Date and Scope of Requirement
- Effective March 1, 1997, coinciding with the commencement of full deregulation.
- Applies to all dealers or operators of gasoline stations.
- Obliges them to prominently install and display prices for each type of petroleum product sold at their establishments.
Technical Specifications for Price Display Boards
- Background colors must follow a specific color coding scheme:
- 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 Liquefied Petroleum Gas (LPG)
- Numeric price entries on the boards must be at least six (6) inches in height and colored black.
Compliance and Penalties
- Non-compliance with the directive will subject violators to administrative sanctions imposed by the Energy Industry Administration Bureau.
- The directive emphasizes strict compliance to ensure effective implementation.
Legal Authority and Approval
- Issued as DOE EIAB Memorandum Circular No. 97-01-001 dated January 16, 1997.
- Signed by the Acting Director of the Energy Industry Administration Bureau and approved by the Secretary of Energy.