Revising the Rates of Specific Tax on Certain Petroleum Products
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Revising the Rates of Specific Tax on Certain Petroleum Products
Executive Order No. 919
November 3, 1983
Case Overview and Summary
Summary of Executive Order No. 919Revision of Specific Tax Rates on Certain Petroleum Products
- Increases the specific tax rates on the following petroleum products:
• Kerosene: 6.75 centavos per liter of volume capacity. (Sec. 1, amending Sec. 153(a))
• Lubricating oils: 80 centavos per liter of volume capacity. (Sec. 1, amending Sec. 153(b))
• Regular gasoline and similar distillation products: 1.50 1/4 centavos per liter of volume capacity; premium gasoline: 1.54 1/4 centavos per liter of volume capacity; aviation gasoline: 1 peso per liter of volume capacity. (Sec. 1, amending Sec. 153(c))
• Denatured alcohol for motive power: 1 centavo per liter of volume capacity; if mixed with gasoline, only the alcohol content is taxed. (Sec. 1, amending Sec. 153(d))
• Processed gas: 3 centavos per liter of volume capacity. (Sec. 1, amending Sec. 153(e))
• Thinners and solvents: 91.5 centavos per liter of volume capacity. (Sec. 1, amending Sec. 153(f))
• Liquefied petroleum gas: 31.5 centavos per kilogram; if used for motive power, taxed at the same rate as diesel fuel oil. (Sec. 1, amending Sec. 153(g))
• Asphalts: 18 centavos per kilogram. (Sec. 1, amending Sec. 153(h))
• Greases, waxes, and petroleum: 50 centavos per kilogram. (Sec. 1, amending Sec. 153(i))
• Aviation turbo-jet fuel: 96 centavos per liter of volume capacity. (Sec. 1, amending Sec. 153(j))
• Bunker fuel oil: 7.5 centavos per liter of volume capacity. (Sec. 1, amending Sec. 155)
• Diesel fuel oil: 19 centavos per liter of volume capacity. (Sec. 1, amending Sec. 156)
The order takes effect immediately. (Sec. 2)
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Executive Issuances
Executive Orders
petroleum products
specific tax
kerosene
lubricating oils
gasoline
denatured alcohol
processed gas
thinners
solvents
liquefied petroleum gas
asphalts
greases
waxes
aviation turbo-jet fuel
bunker fuel oil
diesel fuel oil
tax rates
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Law
Revising the Rates of Specific Tax on Certain Petroleum Products
Executive Order No. 919
•November 3, 1983
EXECUTIVE ORDER NO. 919 November 3, 1983
REVISING THE RATES OF SPECIFIC TAX ON CERTAIN PETROLEUM PRODUCTS
WHEREAS, the increase in the peso value of our imported crude oil as a result of the recent devaluation has made it imperative to adjust the prices of petroleum products to more realistic levels;
WHEREAS, in the restucturing of prices of petroleum products, it is likewise necessary to adjust the specific tax components thereof in order to make the tax rates thereon consistent with their adjusted price levels; and
WHEREAS, the revision of the rates of specific tax on petroleum products is an effective measure to discourage unnecessary and wasteful consumption of petroleum products.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution and by Section 290-B of the National Internal Revenue Code of 1977, as amended by Presidential Decree No. 1835, do hereby order as follows:
Sec. 1. The rates of specific tax on certain petroleum products are hereby revised, hereby amending for this purpose...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
petroleum products
specific tax
kerosene
lubricating oils
gasoline
denatured alcohol
processed gas
thinners
solvents
liquefied petroleum gas
asphalts
greases
waxes
aviation turbo-jet fuel
bunker fuel oil
diesel fuel oil
tax rates
volume capacity
kilogram
EXECUTIVE ORDER NO. 919 November 3, 1983
REVISING THE RATES OF SPECIFIC TAX ON CERTAIN PETROLEUM PRODUCTS
WHEREAS, the increase in the peso value of our imported crude oil as a result of the recent devaluation has made it imperative to adjust the prices of petroleum products to more realistic levels;
WHEREAS, in the restucturing of prices of petroleum products, it is likewise necessary to adjust the specific tax components thereof in order to make the tax rates thereon consistent with their adjusted price levels; and
WHEREAS, the revision of the rates of specific tax on petroleum products is an effective measure to discourage unnecessary and wasteful consumption of petroleum products.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution and by Section 290-B of the National Internal Revenue Code of 1977, as amended by Presidential Decree No. 1835, do hereby order as follows:
Sec. 1. The rates of specific tax on certain petroleum products are hereby revised, hereby amending for this purpose...
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