Tax Rate on Manufactured Oils and Other Fuels (Section 153)
- Specific taxes apply to refined and manufactured mineral oils, motor fuels, and related fuel products, imposed at the point these products come into existence.
- Tax rates include:
- Kerosene: ₱0.09 per liter
- Lubricating oils: ₱0.80 per liter
- Naphtha, gasoline, and similar distillation products: ₱1.06 per liter
- Premium gasoline: ₱1.10 per liter
- Aviation gasoline: ₱1.00 per liter
- Denatured alcohol for motive power: ₱0.01 per liter, with specific rules if mixed with gasoline
- Processed gas: ₱0.03 per liter
- Thinners and solvents: ₱0.61 per liter
- Liquefied petroleum gas (LPG): ₱0.21 per kilogram; LPG used for motive power taxed equivalent to diesel fuel oil
- Asphalts: ₱0.12 per kilogram
- Greases, waxes, petroleum: ₱0.50 per kilogram
- Aviation turbo-jet fuel: ₱0.64 per liter
Tax Rate on Bunker Fuel Oil (Section 155)
- Bunker fuel oil and similar fuel oils are taxed at ₱0.05 per liter upon their existence.
Tax Rate on Diesel Fuel Oil (Section 156)
- Diesel fuel oil and similar fuels are taxed at ₱0.255 per liter applied upon their existence.
Legal Authority and Effectivity
- Authority for the revision is based on the President's powers under the Constitution and section 290-B of the National Internal Revenue Code as amended.
- The Executive Order took effect immediately upon issuance on March 21, 1981.