MANILA -- As the Bureau of Customs (BOC) continuously implements its mandate to mark fully paid imported petroleum products under the Fuel Marking Program, a total of 4,157,638,726 liters of kerosene, diesel and gasoline were marked for the 2nd Quarter of 2021 equivalent to P37.37 billion in taxes collected.
For 2021 alone, the BOC was able to mark 8.35 billion liters of fuel equivalent to P74.72 billion in taxes collected.
The markers serve as identifiers during field testing to determine the presence of illicit fuel in the market.
The Fuel Marking Program aims to raise revenues while curbing fuel smuggling and leveling the Philippine oil industry's playing field.
Beginning with its implementation in September 2019 to June 2021, the BOC and BIR already marked a total of 25.91 billion liters of fuel and have collected P252.22 billion in duties and taxes under the program. (BOC)
