BoC fuel marking program raises P60B in Q1 - BusinessWorld Online

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The Bureau of Customs (BoC) on Monday said it has collected P60.15 billion in duties and taxes from its fuel marking program in the first quarter of 2022. READ:

THE Bureau of Customs on Monday said it has collected P60.15 billion in duties and taxes from its fuel marking program in theIn a statement, the BoC said it marked 4.72 billion liters of gasoline, diesel, and kerosene in the January to March period as part of its efforts to curb smuggling.

Over 73% of the fuel was marked in Luzon, while 21% was marked in Mindanao, and the rest in the Visayas. The Bureau said that 28 oil firms were currently participating in the government’s fuel marking program. The BoC and the Bureau of Internal Revenue seized 93,043 liters of diesel, 18,839 liters of kerosene, and two trucks carrying unmarked fuel, with a total estimated value of P13.36 million. The BoC said it has recommendedling criminal cases against the two private companies and 12 retail stations where the unmarked fuel was found.

 

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