Is the Duterte administration not outraged at the rampant and plunderous smuggling of petroleum products amid rising oil prices? Asian Development Bank estimates a P37.5-billion loss, while the domestic oil industry’s figures are higher at P43.8 billion every year. The administration is banking on the “fuel marking system” to end oil smuggling and misdeclarations. ADVERTISEMENTWill oil smugglers continue to enjoy undisturbed their P26-billion to P43-billion stash until January 2019? The government should act if it is really serious against oil smuggling!

Source: Philippine Daily Inquirer June 04, 2018 21:00 UTC