The fuel marking program, which was announced by the government in 2017, is envisioned to curb illicit trade of petroleum products in the country and help return the revenue stolen by oil smugglers.
The BOC said other fuel terminals like Pure Petroleum in Subic, Phoenix Petroleum in Calaca, SL Gas, Petron Limay, Filoil Bataan and Amlan Terminals are also set to mark their incoming fuel imports with the installation of satellite offices of the Fuel Marking Provider.
The BOC, Department of Finance (DOF), Bureau of Internal Revenue (BIR), SGS-SICPA, and the fuel companies are working together to fast track the marking of all petroleum products before they are distributed to the market.
Authorities expect to mark all gasoline, diesel, and kerosene products by February 2020.
The BOC warned that non-compliant petroleum products and companies will face corresponding penalties such as the seizure of petroleum products and conveyances such as vessels or tank trucks, and closure of premises.
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