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Revenue Regulation 2-

2018:
Petroleum Products
Products Effectivity
Jan. 1, Jan. 1, Jan. 1, Previous
2018 2019 2020 Rates

(a) Lubricating oils and


greases, including but not
limited to base stock for
lube oils and greases, high
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vacuum distillates, aromatic
extracts and other similar
preparations, and additives P8.00 P9.00 P10.00 P4.50
for lubricating oils and
greases, whether such
additives are petroleum
based or not, per liter and
kilogram respectively, of
volume capacity or weight.
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Products Effectivity
Jan. 1, Jan. 1, Jan. 1, Previous
2018 2019 2020 Rates
(a.1) Locally produced or
imported oils previously
taxed but are subsequently New line
re-processed, re-refined or item
recycled, per liter and
kilogram of volume
capacity or weight.
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P8.00 P9.00 P10.00
(b) Processed gas, per liter P0.50
of volume capacity. per liter
(c) Waxes and petrolatum P3.50
per kilogram per kilo
(d) Denatured alcohol to P0.05
be used for motive power, per liter
per liter of volume capacity.
(e) Asphalts, per kilogram. P0.56
per kilo
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Motive Power
-the energy (in the form of
steam, electricity, etc.) used to
drive machinery 9
Products Effectivity
Jan. 1, Jan. 1, Jan. 1, Previous
2018 2019 2020 Rates
(f) Naphtha, regular
gasoline, pyrolysis gasoline
and other similar products
of distillation, per liter of
voume capacity
P7.00 P9.00 P10.00 P4.35
(g) Unleaded premium per liter
gasoline, per liter of volume 10

capacity
(h) Kerosene, per liter of P3.00 P4.00 P5.00 P0. 00
volume capacity per liter

(i) Aviation turbo jet fuel,


aviation gas, per liter of
volume capacity
P4.00 P4.00 P4.00 P3.67
(j) Kerosene, when used
per liter
as aviation fuel, per liter of
volume capacity
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Products Effectivity
Jan. 1, Jan. 1, Jan. 1, Previous
2018 2019 2020 Rates
(k) Diesel fuel oil, and on
similar fuel oils having
more or less the same
generating power, per liter
of volume capacity

(l) Liquefied petroleum gas 12


used for motive power, per P2.50 P4.50 P6.00 P0. 00
kilogram per liter
(m) Bunker fuel oil, and on
similar oils having more or
less the same generating
power, per liter of volume
capacity
(n) Petroleum coke, per New line
metric ton item
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Petroleum Coke
-byproduct of the oil refining
process. Used as a carbon
source. 14
Products Effectivity
Jan. 1, Jan. 1, Jan. 1, Previous
2018 2019 2020 Rates
(o) Liquefied petroleum P0.00
gas, per kilogram P1.00 P2.00 P3.00 per kilo
(p) Naphtha and pyrolysis
gasoline, when used as a
raw material in the
production of petrochemical
products or in the refining 15
of petroleum products, or
as replacement fuel for P0.00 P0.00 P0.00 P0. 00
natural-gas-fired-combined per liter
cycle power plant, in lieu of
locally-extracted natural
gas during the non-
availability thereof, per liter
of volume capacity
Products Effectivity
Jan. 1, Jan. 1, Jan. 1, Previous
2018 2019 2020 Rates
(q) Liquefied petroleum
gas, when used as raw P0.00 P0.00 P0.00 P0.00
material in the production per liter
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of petrochemical products,
per kilogram
(r) Petroleum coke, when
used as feedstock to any
power generating facility, P0.00 P0.00 P0.00 New line
per metric ton item
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Feedstock
-raw material to supply or fuel a
machine or an industrial
process. 19
Tax rates shall not apply
under these instances:

a. Lubricating oils and greases


produced from basestocks and 20

additives on which the excise tax


has already been paid.
Tax rates shall not apply
under these instances:
b. Unless otherwise provided by
special laws, if the denatured
alcohol is mixed with gasoline
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(excise tax paid), only the alcohol


content shall be subject to tax.
Tax rates shall not apply
under these instances:
b.1 The removal of denatured
alcohol of not less that 180° proof
90% absolute alcohol shall be
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deemed to have been removed for


motive power, unless shown
otherwise.
To wit:
Excise tax paid on the basestock
is creditable against the excise
tax to be paid on the excisable 23

articles wherein its usage is


required in the manufacture
thereof.
Base stock
-are used to manufacture
products including lubricating
greases, motor oil and metal 24
processing fluids.
To wit:

The 2018-2020 increase shall


be subject to suspension
when the average Dubai 25

crude oil based on MOPS for 3


months prior to the
scheduled increase reaches
or exceeds $80/barrel.
Mean of Platts Singapore
-the average of a set of
Singapore-based oil products
price assessments published by 26

Platts, and global energy,


petrochemical, metals, and
agriculture information provider.
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To wit:

An official fuel marking or


similar technology are
mandatory for the petroleum 28

products in the Philippines


which are subject to tax.
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To wit:

Manufacturers of petroleum
products are required to have
BIR-accredited metering 30

devices to determine as
accurately as possible the
volume of products they
import.
Guidelines to be followed
during transitory period

a. Those who pay excise tax


on petroleum products 31

shall submit duly notarized


inventories of all products
they hold as of midnight of
last day before increase.
Guidelines to be followed
during transitory period
In case of failure to submit,
petroleum products found in 32

their possession shall be


subject to the
a. new tax rates.
Guidelines to be followed
during transitory period
b. Inventory of the products
taken before the date of 33

effectivity shall be liquidated


and accounted for on a FIFO
basis.
Guidelines to be followed
during transitory period
c. Withdrawal certificates issued
covering the removal of petroleum
products subject to previous rates
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shall be stamped with the phrase


“STOCKS ON HAND PRIOR TO
APPLICABLE DATE OF
EFFECTIVITY “
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Guidelines to be followed
during transitory period
Failure to have this shall
constitute the product 36

subject to the tax rates at


the time of its actual
removal even though taken
from the old inventory.
FIN
For further
inquiries

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