WHEREAS, the need for a cutback in the volume of crude oil
imports has made it imperative that stringent measures t0 conserve fuel and
avoid wasteful consumption thereof be adopted;
WHEREAS, one of the most effective measures of fuel and
energy conservation is the restructuring of the prices of refined petroleum
products;
WHEREAS, in order to correct the demand imbalance it is
necessary to reshape the consumption on oil products by realigning the tax
component of the price of refined petroleum products;
WHEREAS, the revision of the specific tax rates on these
products will generate additional revenue to support the economic programs of
the government.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers vested in me by the Constitution, do hereby
order and decree the following:
"SECTION 1. Sections 153, 155 and 156 of the National
Internal Revenue Code as amended are hereby further amended to read as
follows:
"SECTION 153. Specific tax on manufactured oil and other
fuels.—On refined and manufactured mineral oils and motor fuels, there shall" be
collected the following taxes which shall attach to the articles hereunder
enumerated as soon as they are in existence as such:
Kerosene, per liter of volume capacity, thirty two and three-fourth
centavos;
Lubricating oils, per liter of volume capacity, one peso and fifty centavos;
Naptha, regular gasoline and all other similar products of distillation, per
liter of volume capacity, one peso and sixty six and one fourth centavos;
Provided, That on premium and aviation gasolline, the tax shall be one peso and
fifty four and one fourth centavos, per liter of volume capacity;
On denatured alcohol to be used for motive power, per liter of volume
capacity, one centavo: Provided, that unless otherwise provided for by special
laws, if the denatured alcohol is mixed with gasoline, the specific tax on which
has already been paid, only the alcohol content shall be subject to the tax
herein prescribed. For the purposes of this subsection, the removal of denatured
alcohol of not less than one hundred eighty degrees proof (ninety per centum
absolute alcohol) shall be deemed to have been removed for motive power, unless
shown to the contrary;
Processed gas, per liter of volume capacity, four and one-half centavos;
Thinners and solvents, per liter of volume capacity, ninety one and one-half
centavos;
Liquefied petroleum gas, per kilogram, eighty five centavos: Provided, That
liquefied petroleum gas used for motive power shall be taxed at the equivalent
rate as the specific lax on diesel fuel oil;
Aspalts, per kilogram, forty six centavos;
Greases, waxes and petroleum, per kilogram; eighty centavos; and
Aviation turbo jet fuel, per liter of volume capacity, one peso and twenty
three centavos.
"SEC. 155. Specific tax on bunker fuel oil.—On fuel
oil, commercially known as bunker fuel oil, and on all similar fuel oils, having
more or less the same generating power, there shall be collected, per liter of
volume capacity, thirty three and one-half centavos, which tax shall attach to
this fuel oil as soon as it is in existence as such.
"SEC. 156. Specific tax on diesel fuel oil.—On fuel
oil, commercially known as diesel fuel oil, and on all similar fuel oils, having
more or less the same generating power, per liter of volume capacity, fifty
seven and one-half centavos, which tax shall attach to this fuel oil as soon as
it is in existence as such.
"SEC. 2. This Decree shall take effect on May 17, 1984.
"Done in the City of Manila, this 10th day of April in the Year of Our Lord,
Nineteen Hundred and Eighty Four.
By the President:
(Sgd.) JUAN C. TUVERA
Presidential
Assistant for Legal Affairs
(Sgd.)FERDINAND E. MARCOS
President of the
Philippines