By Lenie Lectura - January 27, 2020
OVER 10 percent of the 9,003 total
fuel retail outlets nationwide have started implementing the third and final
tranche of excise taxes on petroleum products under the Tax Reform for
Acceleration and Inclusion (TRAIN) law.
According to the Department of
Energy (DOE) Oil Industry Management Bureau (OIMB), Pilipinas Shell, PTT
Philippines, Chevron Philippines, Petrogazz, Seaoil Philippines and Total
Philippines have informed the agency of their implementation of additional
excise taxes.
The DOE said the number of liquid
fuel retail outlets implementing this is over 900, or over 10 percent of the
9,003 retail outlets
nationwide.
nationwide.
Under the TRAIN law, the final
tranche of P1.00 per liter for gasoline, P1.50 per liter for diesel and P1.00
per kilogram for household liquefied petroleum gas (LPG) will be imposed. There
will also be an additional 12-percent value-added tax, bringing the total to
P1.12 per liter for gasoline and per kg of LPG, and P1.68 per liter for diesel.
As of January 24, the DOE said 48 of
67 LPG depots and 40 of 116 liquid fuel depots had imposed additional excise
taxes. For LPG refilling plants, four of the 297 have already implemented
additional excise taxes starting January 10.
The DOE made an assurance that it
will continue to monitor retail outlets and their implementation of the
taxation scheme to “uphold the best interests of all consumers.”
“The DOE has been undertaking all
necessary measures to ensure that all tranches of excise taxes on petroleum
products are properly implemented.
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