GRANTING THE BOARD OF ENERGY THE POWER TO REGULATE AND FIX THE RATES OF PIPELINE CONCESSIONAIRES AND AMENDING FOR THAT PURPOSE SECTION 9 OF PRESIDENTIAL DECREE NO. 1206.

WHEREAS, the determination of the rates of pipeline
concessionaires is a quasi-judicial and quasi-legislative function;

WHEREAS, the jurisdiction over the determination of the
rates of pipeline concessionaires must be specifically stated and
provided for by law;

WHEREAS, in view of the foregoing consideration, it is
necessary to amend Section 9 of Presidential Decree No. 1206;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Republic of the Philippines, by virtue of the powers vested in me by the
Constitution, do hereby order and decree as follows:

SECTION 1. In addition to the powers enumerated under
Section 9 of Presidential Decree No. 1206, the Board of Energy shall have the
power to regulate and fix the rates of pipeline concessionaires under the
provisions of Republic Act No. 387, as amended, otherwise known as the Petroleum
Act, and the said Board shall prescribe and promulgate the necessary rules and
regulations on this matter. The provisions of Section 9 of Presidential Decree
No. 1206 shall be deemed amended in accordance with this Decree.

SEC. 2. All existing laws, order, rules and regulations
contrary or inconsistent with the provisions of this Decree are hereby repealed
or modified accordingly.

SEC. 3. This Decree shall take effect immediately.

Done in the City of Manila, this 10th day of July, in the year of Our Lord,
nineteen hundred and eighty.

			(Sgd.) FERDINAND E. MARCOS President of the Philippines
	By the President:
	(Sgd.) JUAN C. TUVERA
		Presidential Assistant