TAXES collected from marked fuel products totaled P384.79 billion as of March 10, counting back to the start of the program in late 2019, according to the Department of Finance.
The total included P354.98 billion from customs duties and P29.81 billion from excise taxes.
The volume of marked fuel was 38 billion liters since Sept. 4, 2019, according to data provided by Secretary of Finance Carlos G. Dominguez III via Viber on Wednesday.
Luzon accounted for nearly 28 billion liters of the total, or over 73%, with 8 and 2 billion liters marked in Mindanao and the Visayas, respectively.
Diesel accounted for 60.65% of all marked fuel, while gasoline had a 38.82% share. Kerosene took up the remainder with 0.52%.
Fuel marking is authorized under Republic Act 10963, or the Tax Reform for Acceleration and Inclusion (TRAIN) law, as a measure to curb smuggling.
It involves the addition of a chemical dye into petroleum products imported into the Philippines to signify tax compliance.
The Bureau of Customs (BoC) has marked 9.19 billion liters fuel this year, as of mid-March. Last year, 17 billion liters were marked.
Mr. Dominguez said government revenue agencies expect to collect 147.1 billion pesos in fuel excise tax and VAT in 2022.
In its 2021 Annual Report, the BoC said it seized P6.7 billion worth of smuggled fuel and oil. — Tobias Jared Tomas
