BY BETHEEN UNITE
The Bureau of CustomsĀ (BoC) announced that it collected more than P97 billion duties and taxes from the importation of markedĀ gasoline, diesel, and kerosene through the implementation of the Fuel Marking Program.
As of August 6,Ā the revenue collection from the imported fuel under the program has reached P97,191,009,937.55, the bureau said Friday.
The Fuel Marking Program, which was implemented to counter oil smuggling in the country,Ā began in September 2019 and continued during the community quarantineĀ amid the coronavirus pandemic.
Based on theĀ Customs-Enforcement Group’s report,Ā aĀ total volume ofĀ 10,912,742,121 litersĀ fuel wereĀ marked from September 2019 to August 6, 2020.
Since thenĀ 20 companies have participated in the program, including Petron, Shell and Unioil, whichĀ reported the highest volume of marked fuel of 2.5 billion, 2.26 billion, and 1.14 billion liters, respectively. (Betheena Unite)