EO on Import Duty Rates for Oil and Asphalt

Executive Order No. 890 modifies the nomenclature and rates of import duty on crude oil, petroleum products, and asphalt as classified under Section 104 of the Tariff and Customs Code.
Import duty rates for items listed in Annex "A" are adjusted to the Most-Favoured-Nation (MFN) rates specified therein.
Items not listed or marked with "xx" maintain their existing import duty rates.

Under the ASEAN Free Trade Area (AFTA) Common Effective Preferential Tariff (CEPT) Scheme and ASEAN Trade in Goods Agreement (ATIGA), crude oil and refined petroleum products imported from ASEAN Member States (AMS) are levied zero import duty.
Executive Order No. 268 (2004) eliminated tariffs on asphalt.

The elimination of 3% tariffs on crude oil, petroleum products, and asphalt imported from non-ASEAN countries addresses tariff distortions caused by zero duties applied to ASEAN imports.
Zero tariffs provide a level playing field for local refiners to compete with importers.
The policy supports the production of environmentally-compliant refined fuels and ensures fuel supply security.
The National Economic and Development Authority (NEDA) Board approved the tariff elimination on May 25, 2010.

Upon effectivity, articles listed in Annex "A" entered and withdrawn from warehouses shall be subject to MFN duty rates.
Existing inconsistent or conflicting presidential issuances, rules, or regulations are revoked or modified accordingly.
The Executive Order takes effect fifteen days after publication in the Official Gazette or a newspaper of general circulation.

Uniform tariff of 3% on crude and refined petroleum eliminated in favor of MFN zero rates.
Import duty adjustments align with ASEAN trade commitments and local industry protection.
Presidential authority exercised to ensure tariff policy meets current economic and trade considerations.
Clear directives for customs and relevant authorities to implement changes upon publication and effectivity.