MANILA, Philippines — The volume of fuel products marked by the government has breached the three-billion liter mark this month, the Department of Finance (DOF) said over the weekend. Citing the latest data from the Bureau of Customs (BOC), Finance Secretary Carlos Dominguez said 3.21 billion liters of petroleum products have already been injected with markers under the government’s fuel marking program as of Feb. 14. Of this volume, 2.37 billion was marked by the BOC, while the remaining 913 million was administered by the Bureau of Internal Revenue (BIR). The BOC said earlier it saw an increase in the reported volume of fuel products imported into the country, as well as revenue collections from oil imports last year, following the implementation of the fuel marking program. He said the volume of imported fuel imports likewise increased by 20.8 percent to 14.5 billion liters from 12 billion liters.

Source: Philippine Star February 17, 2020 16:00 UTC