8479, known as the Oil Deregulation Law, which liberalized the downstream oil industry and allowed fuel prices to be largely determined by market forces. “First of all, the oil deregulation law should be removed because under the law that they passed, our government can’t do anything about it,” Villena said. “If the oil deregulation law is removed, or if the tax is suspended, it’s a big thing because we’re not the only ones who benefit. He promised the Public Utility Vehicle Modernization Program (PUVMP) would be implemented in a manner that is “humane, affordable, and fair.” Transport groups have repeatedly raised concerns about the affordability of modern vehicles, loan obligations and potential displacement of small operators.