BOC collects P97.19B from oil import levies through Fuel Marking Program

The Bureau of Customs said Friday it has collected a total of P97.191 billion worth of duties and taxes from the importation of gasoline, diesel, and kerosene through the implementation of the Fuel Marking Program.

“The program's strong performance affirms the BOC's continued commitment to protect the borders and collect lawful revenues for the government,” the BOC said in a statement.

It said that the Fuel Marking Program began in September 2019 and continued even during the implementation of community quarantine.

As of August 6, Customs’ revenue collection from imported fuel under the program has reached a total of P97,191,009,937.55.

Based on the BOC-Enforcement Group's report, the total volume of fuel marked from September 2019 to August 6, 2020 has reached 10,912, 742,121 liters. 

Twenty companies have participated in the Fuel Marking Program, including Petron, Shell and Unioil.

The three companies reported the highest volume of marked fuel of 2.5 billion, 2.26 billion, and 1.14 billion liters, respectively, according to the BOC.

By island group, Luzon has the largest volume of marked fuel at 8 billion liters, followed by Mindanao at 2.19 billion liters, then Visayas at 539 million liters, it said.

The Fuel Marking Program was launched by the government to curb illicit trade of petroleum products in the country.

The program is spearheaded by the Department of Finance (DOF), BOC, and Bureau of Internal Revenue (BIR).

The BOC and BIR continue to implement the program to ensure that the market's fuel products have paid the corresponding duties and taxes due to the government during the current pandemic. —LBG, GMA News