Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
Section 1. Short Title. – This Act shall be referred to as the “LPG Industry Regulation Act”.
Section 2. Declaration of Policy. – It is hereby declared the policy of the State to protect the interests of end-consumers, ensure their general welfare, and establish standards of conduct for business. Towards this end, the State shall:
(a) Institute reforms in the existing standards of conduct and codes of practice for the liquefied petroleum gas (LPG) industry;
(b) Ensure the health, safety, security, environmental, and quality standards for the following:
(1) Importing, refining, storing exporting, refilling, transportation, distribution, and marketing of LPG, and
(2) Importation, manufacture, requalification repair, exchange, improvement, and scrappage of LPG pressure vessels, whichever is applicable;
(c) Promote awareness regarding the health, safety, security, environmental, and quality of standards for the proper use of LPG pressure vessels, and ancillary equipment through information dissemination and end-consumer education campaigns;
(d) Uphold the right of end-consumers to freely choose the trademark or trade name of LPG-filled cylinders they want to purchase and improve competition in the LPG industry for the benefit of end-consumers; and
(e) Be at the forefront of technological innovation, in partnership with public and private stakeholders, by keeping abreast of and developing homegrown advancements and breakthroughs in the LPG industry.