Fuel marking nets government over ₧330B in 25 months–DOF


THE national government has collected P330.286 billion in duties and taxes through the fuel-marking program it began more than 25 months ago.

The latest data released by the Department of Finance (DOF) showed this covered 33.539 billion liters of fuel marked between December 10 and September 2019.

As of December 9 this year, the Bureau of Customs raked in P300.47 billion while the Bureau of Internal Revenue’s tax haul hit P29.81 billion.

Petron Corp. still cornered the lion’s share of volume of marked fuel at 23.79 percent or 7.979 billion liters of the total.

Trailing Petron in the list of 26 participating companies are: Pilipinas Shell Petroleum Corp. with 6.16 billion liters; Unioil Petroleum Philippines Inc. (3.38 billion liters); Insular Oil Corp. (2.76 billion liters); and, Seaoil Philippines Inc. (2.63 billion liters).

By fuel type, diesel comprised the biggest chunk of marked fuel at 60.92 percent or 20.43 billion liters. This was followed by gasoline at 38.55 percent or 12.93 billion liters) and kerosene (0.58 percent or 178.69 million liters).

Most of the marked fuel was in Luzon, with 73.46 percent or 24.637 billion liters of the total. Next to Luzon is Mindanao with 21.05 percent or 7.06 billion liters and Visayas with 5.49 percent or 1.84 billion liters.

The fuel-marking program was launched with the aim of halting illegal importation, manufacturing and other fraudulent activities relating to the use and sale of petroleum products in the country.

Fuel marking makes use of a unique chemical marker that can be embedded at a molecular level in petroleum products—gasoline, diesel and kerosene—thereby enabling authorities to test, identify and distinguish petroleum products with paid excise taxes.

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