-
Government marked 17.55 billion liters of fuel and collected P171.72 billion in duties and taxes since start of fuel marking program
-
Bureau of Customs took in P147.78 billion of the total and the Bureau of Internal Revenue, P23.94 billion
-
Significant increase in volume declarations in gasoline, diesel and kerosene observed with implementation of fuel marking program
-
BOC and BIR to implement in 2021 field testing of fuel products at retail stations, tank trucks, vessels, depots and warehouses
The Philippine government has marked a total of 17.55 billion liters of fuel and collected P171.72 billion in duties and taxes since the start of its fuel marking program in September 2019 and up to December 31, 2020.
Bureau of Customs (BOC) was responsible for bringing in P147.78 billion of the total amount and the Bureau of Internal Revenue (BIR), P23.94 billion.
For 2020 alone, 15.69 billion liters of fuel were marked, equivalent to P131.17 billion in duties and taxes, of which P109.36 billion was collected by BOC and P21.81 billion by BIR.
BOC said a significant increase in volume declarations in gasoline, diesel and kerosene has been observed with implementation of the fuel marking program.
In 2017 and 2018, total volume declarations were respectively 7.75 billion liters and 6.31 billion liters, equivalent to a take of P26.88 billion and P39.79 billion in duties and taxes.
In 2019, total volume declaration was 11.16 billion liters, 77% higher than the previous year’s volume declaration. Duties and taxes collected amounted to P111.18 billion, a 179% surge from the 2018 figure.
Diesel comprised 61.54% of the total volume marked from September 2019 to December 2020. This was followed by gasoline with 37.93% and kerosene with 0.53%.
In terms of location, 74.08% of the marked fuel for the period was in Luzon, 20.92% in Mindanao, and 5% in the Visayas.
Since the first actual marking on September 4, 2019, about 22 oil firms have participated in the program.
Petron Corp. remains as the company with the highest marked volume of 4.03 billion liters; followed by Pilipinas Shell Petroleum Corp. with 3.49 billion liters; Unioil Petroleum Philippines, Inc. with 1.84 billion liters; Seaoil Philippines, Inc. with 1.44 billion liters; and Chevron Philippines, Inc. with 1.36 billion liters.
Other participating companies were Phoenix Petroleum, Insular Oil, Total, Filoil, Jetti, PTT, Marubeni, Micro Dragon, Warbucks, Golden Share, High Glory Subic, ERA1, SL Harbor, Jadelink, SL Gas, Powerfill and Petrotrade.
Marking of fuel products, whether imported or manufactured in the Philippines, will become mandatory five years after the Tax Reform for Acceleration and Inclusion or TRAIN law took effect January 2018. Fuel marking aims to curb oil smuggling and plug revenue losses arising from the illegal importation or misdeclaration of petroleum products.
For 2021, sister agencies BOC and BIR are gearing up to implement the field testing phase of the program, wherein diesel, gasoline and kerosene found in retail stations, tank trucks, vessels, depots and warehouses will be tested for compliance.
