TAXES collected from marked fuel products amounted to P358.6 billion at the end of January, counting back to 2019 when the program started, according to the Department of Finance.
The volume of marked fuel was nearly 36 billion liters since Sept. 4, 2019, according to data provided by Finance Secretary Carlos G. Dominguez III via Viber on Wednesday.
Revenue included P328.79 billion in Customs duties and P29.81 billion in excise tax.
Almost three-quarters of the fuel was marked in Luzon, with more than a fifth in Mindanao and 5.49% in the Visayas.
Diesel accounted for more than 60%, while gasoline had a 38.82% share, with kerosene taking up the remainder.
The program seeks to deter fuel smuggling by injecting a special dye into the products to signify tax compliance. The absence of the dye is an indication the fuel was smuggled.
In 2021, the Bureau of Customs (BoC) collected P166 billion in duties from the fuel marking program, the bureau said last week.
The BoC last year marked over 17 billion liters of gasoline, diesel, and kerosene.
It intercepted nearly 87,000 liters of smuggled diesel and kerosene worth P5.16 million last year, along with two tanker trucks containing unmarked fuel valued at P7.4 million. — Jenina P. Ibañez