BOC Marks 4.32B Liters for 3rd Quarter 2021 under the Fuel Marking Program
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 4,318,382,423 liters of kerosene, diesel and gasoline were marked for the 3rd Quarter of 2021 equivalent to P44.57 billion in taxes collected.
Beginning with its implementation from September 2019 to September 2021, which also marks the start of the 3rd year implementation of the Program, the BOC and BIR marked a total of P30.47 billion liters of fuel and collected P296.8 billion in duties and taxes.
On September 3, 2021, the BOC and BIR also seized 6,357 liters of unmarked diesel found in a Petromobil retail station in Arayat, Pampanga during its field testing operation.
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.