BOC collects P118B from marking 9B liters of fuel

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Fuel marking
In keeping with the fuel marking program, the Bureau of Customs and Bureau of Internal Revenue jointly seized a total of 111,157.80 liters of diesel, 3,311 liters of kerosene, 18,839 liters of gasoline and two tank trucks carrying unmarked fuel with a total estimated value of P14.4 million. Photo from BOC.
  • The Bureau of Customs took in P118 billion from marking 9 billion liters of fuel in the first half
  • Diesel represented the bulk (60.59%) of the total volume marked
  • Luzon was where most (73.88%) of the marking was conducted

The Bureau of Customs (BOC) collected P118 billion duties and taxes from marking 9 billion liters of fuel in the first semester, the bureau said in a statement.

This brings the total marked gasoline, diesel, and kerosene to 43.65 billion liters equivalent to P432.3 billion in duties and taxes from September 2019, the start of implementation of the fuel marking program, to June 2022.

Diesel comprised 60.59% of the total volume marked, followed by gasoline with 38.9% and kerosene with 0.51%.

In terms of location, 73.88% of the marking was conducted in Luzon, 20.66% in Mindanao, and 5.47% in the Visayas.

In keeping with the fuel marking program, the BOC and Bureau of Internal Revenue jointly seized a total of 111,157.80 liters of diesel, 3,311 liters of kerosene, 18,839 liters of gasoline and two tank trucks carrying unmarked fuel with a total estimated value of P14.4 million.

Tanks of 16 retail stations and 4 private companies where BOC found the unmarked fuels were also sealed. The bureau recommended the filing of criminal cases against the companies.

The fuel marking program aims to raise revenues while curbing fuel smuggling and level the playing field in the Philippine oil industry.