WHEREAS, LOI No. 189 provides that œsuch government agencies and entities may purchase their requirements of asphalt from other companies and/or persons only to the extent of the quantity that Petrophil Corporation is unable to supply ;

WHEREAS, there exists private suppliers/manufacturers of asphalt which can provide the necessary asphalt requirements of the government at much lower prices than those sold by the Petrophil Corporation without compromising government specifications and standards;

NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby direct:

1.	Letter of Instructions No. 189 issued May 23, 1974, is hereby revoked.
2.	The Department of Public Works and Highways and all other concerned government agencies are hereby authorized to purchase their asphalt requirements from private suppliers/manufacturers through competitive public bidding with Petrophil as a Mandatory Bidder; Provided, That government specifications and standards therefor shall be fully complied with; and Provided further, That such purchases be in accordance with the guidelines prescribed under Executive Order Nos. 165, S. of 1987, 301, S. of 1987, 380, S. of 1989, E.O. 164, s. of 1987, and other subsequent rules and issuances.
3.	Where PETROPHIL is a participant and the bidding process fails for any reason not attributable to PETROPHIL, the contract may then be awarded by the purchasing government entity to PETROPHIL.

DONE in the City of Manila, this 15th day of March, in the year of Our Lord, Nineteen Hundred and Ninety-Three.

(Sgd.) FIDEL V. RAMOS
President of the Philippines

By the President:
(Sgd.) ANTONIO T. CARPIO
Chief Presidential Legal Counsel