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What is Supreme Court Ruling on OPSF Legality about?
The petitioner challenges the constitutionality of the Oil Price Stabilization Fund (OPSF) established under Presidential Decree No. 1956. Specifically, the petitioner argues that: 1) the OPSF should not be classified as a "trust account" but rather as a "special fund" under the Constitution; and 2) the delegation of authority to the Energy Regulatory Board to determine reimbursements to oil companies is an unconstitutional delegation of legislative power. However, the Supreme Court had previously ruled in
- Author
- abakada_kaye
- Language
- EN