Presidential Decree No. 1633 — WHEREAS, in order to obviate any doubt and possible misinterpretations of the said Section 17 and of the whole Act, it is necessary to clarify the necessary requirements when the Board of Energy exercises its powers under said section and assure that all past and future expenditures are in accordance with the guidelines governing the purposes and uses of the Special Fund;

Section 1

Section 17 of Republic Act No

Section 1. Section 17 of Republic Act No. 6173 as amended, hereby further amended to read as follows:

"Sec. 17. Payment to Special Fund. In addition to the payments that may be required under Section 8 (j) hereof, the Board of Energy is hereby empowered to require, through an appropriate Order, payment to the Special Fund created under Section 8(j) of this Act, of amounts not exceeding a weighted average of Thirty Centavos (P0.30) per liter of all refined petroleum products, as certified by the President of the Philippines, taking into account the requirements and purposes of the Special Fund, the effect of the payment on prices of petroleum products and corollarily, its cost impact on the economy and/or the consuming public and the cost and profit levels of the industry."

Done in the City of Manila, this 21st day of August, in the year of Our Lord, nineteen hundred and seventy-nine.