During the weekly economic briefing in Malacañang, Customs Assistant Commissioner Vincent Philip Maronilla said the BoC had given oil companies until February 9 to have their petroleum products chemically marked after paying taxes.
“So all fuel that are going to be or for the consumption of the public, that are intended to be taxed paid should be marked by Feb. 9, 2020, otherwise when we start testing after that and we find that your petroleum product that are covered under the fuel marking program are not properly marked then we will confiscate it and then we will file the necessary charges,” he added.
“For now, the Bureau of Customs and the Bureau of Internal Revenue have marked 2.5 billion liters of fuel in 24 terminals in Batangas, two refineries, and in areas of Subic, Bataan, Cebu, Leyte, Davao and Cagayan de Oro,” he said. The marking of the petroleum products is done by adding the official marker inside storage tanks where the petroleum products will be stored.