A total of 7.042 billion liters of imported petroleum products in refineries and terminals nationwide was marked from September 2019 to April 23, 2020 as part of the country’s fuel marking program, according to the Bureau of Customs (BOC).
Luzon had the highest share of marked fuel volume at 75%, followed by Mindanao at 20%, and Visayas at 5%, BOC said in a statement.
Twenty oil companies in the country participated in the program: 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, ERA1 Petroleum Corp, Golden Share Commerce and Trading, Inc., SL Gas, Jade Link Subic, Inc., and SL Harbor.
Marking of fuel products, whether imported or manufactured in the Philippines, will be mandatory five years after the January 2018 effectivity of the Tax Reform for Acceleration and Inclusion (TRAIN) law.
READ: Implementation of fuel marking program starts
The fuel marking program has two parts: fuel marking, which began in August 2019, and random field testing and confirmatory tests.
Under the joint BOC-Bureau of Internal Revenue fuel marking guidelines issued last year, the BOC conducts fuel marking in depots, tank trucks, vessels, warehouses and other fuel-transporting vehicles.
READ: PH fuel marking program implementing rules released
The BIR tests in refineries, their attached depots, gasoline stations and other retail outlets.
The government is looking to collect an additional P20 billion in revenues through the fuel marking program in 2020.
READ: P20B revenue eyed from fuel marking program in 2020—DOF
BOC said that together with BIR, it will continue implementing the program even during the extended period of the enhanced community quarantine.
Photo courtesy of BOC
