Administrative Order No. 178 — Designating the Office of Energy Affairs as Administrator of the Petroleum Price Standby Fund Established Under Republic Act No. 6952

MALACAÑANG

MANILA

BY THE PRESIDENT OF THE PHILIPPINES

ADMINISTRATIVE ORDER NO. 178

DESIGNATING THE OFFICE OF ENERGY AFFAIRS AS ADMINISTRATOR OF THE PETROLEUM PRICE STANDBY FUND ESTABLISHED UNDER REPUBLIC ACT NO. 6952

WHEREAS, Republic Act No. 6952 established the Petroleum Price Standby Fund (PPSF) under the administration of the Office of the President to support the Oil Price Stabilization Fund (OPSF) created under Presidential Decree No. 1956 as amended by Executive Order No. 137, S. of 1987;

WHEREAS, the Office of the Energy Affairs is an agency under the Office of the President;

NOW, THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, by virtue of the powers vested in me by law, do hereby order:

SEC. 2. In the performance of its functions and responsibilities pursuant to this designation, the Office of Energy Affairs shall be guided by the Republic Act No. 6952 and its implementing rules and regulations to be issued jointly by the Department of Finance and the Department of Budget and Management.

DONE in the City of Manila, this 29th day of June, in the year of Our Lord, nineteen hundred and ninety.

(Sgd.) CORAZON C. AQUINO

President of the Philippines

By the President:

(Sgd.) CATALINO MACARAIG, JR.

Executive Secretary

Office of the President of the Philippines. (1990). [Administrative Order Nos. : 151 - 289]. Manila : Malacañang Records Office.

Resources

[PDF] Administrative Order No. 178, June 29, 1990