TAXES collected from marked fuel products amounted to P367.26 billion as of last week, dating back to 2019 when the program started, according to the Department of Finance.
The volume of marked fuel topped 36 billion liters since Sept. 4, 2019, according to data sent by Finance Secretary Carlos G. Dominguez III to reporters on Viber Monday.
As of Feb. 11, revenue collected included P337.44 billion in Customs duties, along with 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% in the Visayas.
Diesel accounted for more than 60%, while gasoline had a 39% share, and kerosene 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 nearly P166 billion in duties from the fuel marking program.
The BoC last year marked over 17 billion liters of gasoline, diesel, and kerosene.
It also 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.
Customs collections in 2021 hit P645.77 billion, or 20% higher than the previous year and 4.7% above the bureau’s target as international trade rebounded after the pandemic-driven economic downturn. — Jenina P. Ibañez
