Fuel marking system in place in 2019, seen to yield P20 B — DOF 1 SHARES Share it! Joven said the government may raise around P20 billion in additional revenues annually once the fuel marking system is imposed on both oil imports and locally refined petroleum products. “We are targeting around 10 times the total project cost,” Joven told reporters when asked about the fuel marking’s potential revenues. “The technical working group is continuing its discussions with the various sectors on how best to implement the fuel marking. Tags: Department of Finance, Fuel, Fuel marking system in place in 2019 seen to yield P20 B — DOF, oil smuggling, refined petroleum products, Undersecretary Antonette C. Tionko, Undersecretary Karl Kendrick T. Chua

Source: Manila Bulletin March 06, 2018 14:01 UTC