Oil taxes

The Department of Finance collects over P129 billion in import duties and taxes from fuel products from Sept. 1, 2019 to Sept. 10, 2020 under the Fuel Marking Program. Some 12.321 billion liters of diesel, gasoline and kerosene were marked for taxation by the government during the period. Petron Corp. accounted for 2.842 billion liters or 23.07 percent of the total, followed by Pilipinas Shell Petroleum Corp. with 2.528 billion liters or 20.52 percent, and Unioil Petroleum Philippines Inc. with 1.297 billion liters or 10.53 percent.