Duties collected from marked fuel total P97.1B

Import duties and other taxes collected from oil products have reached P97.1 billion since the government began injecting fuels with chemical markers in September last year, the Bureau of Customs (BOC) said Friday. As of Aug. 6, a total of 10.9 billion liters of oil have already been marked signifying collection of correct taxes, the […]

P91.7B: Taxes from marked fuel since September 2019

The government generated P91.7 billion in import duties and excise from oil products since September 2019, thanks to the fuel marking program which ensured collection of correct levies. Finance Secretary Carlos G. Dominguez III on Monday (Aug. 3) said these taxes were...