Administrative Order No. 178 — ADMINISTRATIVE ORDER NO. 178 DESIGNATING THE OFFICE OF ENERGY AFFAIRS AS ADMINISTRATOR OF THE PETROLEUM PRICE STANDBY FUND ESTABLISHED UNDER REPUBLIC ACT NO. 6952

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SECTION 1 SEC. 2 SEC. 3 · This Administrative Order shall take effect immediately

SECTION 1

SECTION 1. The Office of Energy Affairs is hereby designated as the administrator of the Petroleum Price Standby Fund (PPSF).

SEC. 2

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.

SEC. 3

This Administrative Order shall take effect immediately

SEC. 3 This Administrative Order shall take effect immediately. 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