Cartelization

In petroleum, downstream industry: any agreement, combination or concerted action by refiners, importers and/or dealers, or their representatives, to fix prices, restrict outputs or divide markets, either by products or by areas, or allocate markets, either by...

LPG Retail Outlet

In petroleum, downstream industry: any person, whether natural or juridical, engaged in direct selling of LPG to consumers and whose supply comes from dealers [Section 3(bb), Downstream Oil Industry Deregulation Act of 1998 IRR]

OPSF

In petroleum, downstream industry: the Oil Price Stabilization Fund established under Presidential Decree No. 1956, as amended [Section 3(ff), Downstream Oil Industry Deregulation Act of 1998 IRR]

Predatory Pricing

In petroleum, downstream industry: selling or offering to sell any oil product at a price below the seller’s or offeror’s average variable cost for the purpose of destroying competition, eliminating a competitor or discouraging a potential competitor from entering the...

Qualified LPG Serviceman

In petroleum, downstream industry: an individual who has been trained, qualified and certified by the Philippine Liquefied Petroleum Gas Association (PLPGA) or to an individual who has successfully completed an approved training course for LPG servicemen in a training...

Variable Cost

In petroleum, downstream industry: costs such as utilities or raw materials, which vary as the output increases or decreases [Section 3(pp), Downstream Oil Industry Deregulation Act of 1998 IRR]

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