A total of 8.104 million liters of bio-diesel were marked in the newly-opened Quezon terminal of Azora Holdings Inc. for ERA1 Petroleum Corp. as part of the government’s fuel marking program.
The Bureau of Customs (BOC) Batangas Fuel Marking Team, Bureau of Internal Revenue (BIR), and fuel marking provider SICPA-SGS, conducted the fuel marking activity on July 17.
Marking of fuel products, whether imported or manufactured in the Philippines, becomes mandatory five years after the Tax Reform for Acceleration and Inclusion (TRAIN) law took effect January 2018.
The fuel marking program has two parts: fuel marking, which started in August 2019, and random field testing and confirmatory tests.
A total of 7.705 billion liters of petroleum products in refineries and terminals nationwide have been marked from September 2019 to May 21, 2020, BOC earlier said.
Of the total, Luzon accounted for 76%, Mindanao for 20%, and the Visayas for 4%.
Aside from ERA1 Petroleum, 19 other oil companies in the country that participated in the program include Pilipinas Shell Petroleum Corp, Petron Corp, Seaoil Philippines, Unioil Petroleum Philippines, Phoenix Petroleum Corp, Chevron Philippines, Inc., Oilink International Bataan, Insular Oil Corp, Total Philippines/Filoil, Jetti Petroleum, Inc., PTT Philippines Corp., Marubeni Corp, Micro Dragon Petroleum Corp, Warbucks Industries Corp., High Glory Subic International Logistics, Golden Share Commerce and Trading, Inc., SL Gas, Jade Link Subic, Inc., and SL Harbor.
