Section 23Sec./Art. 23

Repealing Clause. To the extent inconsistent with this Act, the following laws and letters of instruction are hereby repealed:

1. Republic Act No. 4164, entitled "An Act to Prevent the Excessive Increase in the Price of Certain Prime Necessities of Life on the Occasion of a Public Calamity, Penalizing the Violation Thereof, and for other Purposes";

2. Presidential Decree No. 1674, entitled "Providing a Mechanism for Price Regulation, Creating a Price Stabilization Council, Prescribing its Powers and Responsibilities and for other Purposes;"

3. Letter of Instruction No. 1305, entitled 'Directing Measures to Prevent Cement Hoarding, Price Manipulation and Profiteering";

4. Letter of Instruction No. 1342, entitled "Ordering Immediate Measures to Prevent Price Manipulation and to Protect Consumers"; and

5. Letter of Instruction No. 1359, entitled "Directing Measures to Prevent Hoarding, Profiteering and Price Manipulation.

All laws, and rules and regulations inconsistent herewith are hereby likewise repealed or modified accordingly.