CPI supports the government’s initiative to curb fuel smuggling through this fuel marking program. We hope that this program will level the playing field among the industry participants and ensure that all oil companies pay the correct taxes and help build the nation.
Fuel marking allows government to determine which of the fuel oil importers are cheating on their excise tax obligations.
Chevron Philippines Inc. (CPI), marketer of the Caltex brand of top-quality fuels, lubricants, and petroleum products, recently undertook live fuel marking at its import terminal in San Pascual, Batangas.
The fuel marking activity was held on 11 November and witnessed by officials from the Bureau of Customs (BoC) and representatives from the fuel marker consortium, SICPA SA — SGS Philippines and CPI.
In doing so, CPI became the first among the Big 3 oil companies to comply with the government’s fuel marking requirement that aims to curb oil smuggling in the country by placing a molecular marker on imported, manufactured and refined fuel products namely, gasoline, diesel and kerosene.
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“CPI supports the government’s initiative to curb fuel smuggling through this fuel marking program. We hope that this program will level the playing field among the industry participants and ensure that all oil companies pay the correct taxes and help build the nation,” CPI Country Chairman Louie Zhang said.
Following the recent completion of the implementing rules and regulations for the FMP, gasoline, diesel and kerosene shall be tested for compliance with the prescribed dilution level, whether at the refinery, terminal or retail sites.
