Pursuant to the powers vested in me by Section 4-01 of Republic Act Numbered Nineteen Hundred Thirty-Seven, I, FERDINAND E. MARCOS, President of the Philippines, do hereby direct and order:

SECTION 1. The articles specifically listed hereunder as classified under Section 401 of Republic Act Numbered Nineteen Hundred Thirty-Seven shall pay the following rates of import duty:

T. H. No.

Description of Articles Rate of Duty

Rate of Duty

27. 09

Petroleum and shale oils, crude

ad val. 15%

27.10

Petroleum and shale oils, other than crude; preparations not otherwise provided for, containing not less than 70 per cent by weight of petroleum or shale oils, these oils œbeing the basic constituents of the preparations:

 

 

A. Light oils (e.g., petroleum other, gasoline, white spirit)

ad val. 35%

 

B. Medium oils (e.g., kerosene and tractor fuel)

ad val. 15%

 

C. Heavy oils,(lubricating oils, paraffin liquid or white oils) ad val.

ad val. 15%

SECTION 2. After the expiration of thirty (30) days from the issuance of this Order, all the above-described articles entered or withdrawn from warehouses, in the Philippines, for consumption shall he subject to the rates of import duty herein prescribed.

SECTION 3. Any unwarranted increase in prices of local products benefited by these tariff changes may he sufficient ground for the revocation of such tariff changes.


By the President:

(SGD.) ALEJANDRO MELCHOR
Executive Secretary