RP extends anti-oil smuggling program that involves marking fuel shipments

MANILA, Philippines – The Philippines’ Finance Department extended an anti-smuggling pilot program that involves marking imported kerosene and diesel shipments arriving at the ports of Subic, Clark, Batangas, and Bataan.

The three-month extension will give the government more time in collecting data that would be useful in determining whether the initiative would increase oil prices or cause inconvenience to oil companies.

It will also permit authorities to enhance its anti-petroleum smuggling activities that cost the government some P9.5 billion in yearly revenues.

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