Fuel marking generates P452B in tax collections

As of April 28, 2022, the Department of Finance reported that taxes collected from marked fuel products amounted to P452.03 billion since the program's launch in September 2019.

This total includes P422.22 billion from customs duties and P29.81 billion from excise taxes as of October 28, 2021.

The volume of marked fuel was 40.81 billion liters by April 29, with Luzon accounting for over 73% of all marked fuel at over 30 billion liters, while Mindanao and the Visayas had 8.5 and 2.2 billion liters respectively.

Finance Secretary Carlos Dominguez III noted that the fuel marking program has been effective in deterring smuggling, with P422.2 billion collected in taxes from oil since September 2019.