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Republic Act

INCREASING THE SPECIFIC TAX ON GASOLINE, LUBRICATING OIL AND AUTOMOTIVE DIESEL OIL BY AMENDING SECTIONS 142 AND 145 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED<SUP STYLE="COLOR: RGB(255, 0, 0);">[*]</SUP>

Number
Presidential Decree No. 314
Date of approval
Sections
3
Preamble

WHEREAS, it is in line with the declared policy of the

Government to accelerate the economic and social development of the

country to provide for the construction and improvement of highways,

roads, bridges and other infrastructures;

WHEREAS, the estimated amounts that are expected to accrue

to the Highway Special Fund in the next fiscal years are grossly

inadequate to pursue the current program of highway improvement and

development;

WHEREAS, the tax on gasoline in the Philippines is one of

the lowest in the world, as revealed in a comparative study of the

gasoline tax in fifteen (15) countries/cities, as revealed by the

following statistics (based on April 1972 estimates):

The Cost of Gasoline in

Several Countries/Cities

Product Cost in Equipment

Showing the Tax Component and Centavos Per Liter

Among Non-Asian Countries/Cities

Tax Element

Product Cost

Adelaide, Australia

24.5

43.4

Dallas, U.S.A.

15.5

42.7

Naples, Italy

123.6

34.3

New York, U.S.A.

18.9

51.3

New Zealand

34.0

38.1

Oslo, Norway

95.1

39.0

Rotterdam, Netherlands

82.1

36.0

United Kingdom

77.3

37.8

Vienna, Austria

54.9

33.5

Washington, D.C., U.S.A.

18.9

44.5

Among Asian Countries

Bangkok

27.8

31.8

Hong Kong

42.4

37.8

Kuala Lumpur

60.8

36.4

Singapore

60.8

35.0

Tokyo

51.9

43.9

Manila

8.0 (14

as proposed)

22.0

WHEREAS, the current gasoline price in

Manila, as compared with those in progressive Asian cities, is also the

lowest, as shown below:

Price, Equivalent Centavos

per Liter

(as of October 1973, except

for Jakarta which is as

of March 1973)

Cities

Premium

Regular

Calcutta, India

133.5 c

128.9 c

Hong Kong

117.8

107.5

Jakarta, Indonesia

64.8

57.3

Sabah, Malaysia

144.5

130.2

Saigon, Vietnam

142.8

115.6

Sarawak

122.0

107.7

Singapore

145.2

135.6

Tokyo, Japan

166.6

143.5

Manila

39.0

33.0

WHEREAS, the tax on automotive diesel is

very low compared to the tax on gasoline and should be increased to make

its tax nearer that on gasoline since automotive diesel is also used

for motor purposes; and

WHEREAS, the increase in tax on gasoline,

lubricating oil and automotive diesel oil is consistent with the present

policy to conserve fuel;

NOW, THEREFORE, in order to effect the

desired changes and reforms in the economic, social and political

structure of our society, I, FERDINAND E. MARCOS, President of the

Philippines, by virtue of the powers in me vested by the Constitution as

Commander-in-Chief of all the Armed Forces of the Philippines, and

pursuant to Proclamation 1081, dated September 21, 1972, and General

Order No. 1, dated September 22, 1972, do hereby order and decree the

following:

Section 1

SECTION 1. Section 142, subparagraphs (b)

and (c) and Section 145 of the National Internal Revenue Code, as

amended, are hereby further amended to read as follows:

"SEC. 142. Specific tax on

manufactured oils and fuels. — On refined and manufactured mineral

oils and motor fuels, there shall be collected the following taxes:

x x x

"(b) Lubricating oils, per liter of volume capacity, TEN [seven]

centavos;

"(c) Naphtha, gasoline and all other similar products of distillation,

per liter of volume capacity, FOURTEEN [eight] centavos; and

"SEC. 145. Specific tax on diesel fuel oil. — On

fuel oil, commercially known as diesel fuel oil, and on similar fuel

oils, having more or less the same generating power, with specific

gravity of .820 to .920 at 60 degrees Fahrenheit, there shall be

collected, [per metric ton, one peso], per liter, two centavos:

Provided, That on diesel oil used for automotive purposes, the tax Shall

be six centavos per liter."

Section 2

SEC. 2. This Decree shall take effect immediately.

Done in the City of Manila, this 20th day of October, in the year

of Our Lord, nineteen hundred and seventy-three.

(Sgd.) FERDINAND E. MARCOS

President

Republic of the Philippines

By the President:

(Sgd.) ROBERTO V. REYES

Assistant Executive Secretary

[*] Amended by Presidential

Decree No. 392.

3 sections

Cite this law

INCREASING THE SPECIFIC TAX ON GASOLINE, LUBRICATING OIL AND AUTOMOTIVE DIESEL OIL BY AMENDING SECTIONS 142 AND 145 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED<SUP STYLE="COLOR: RGB(255, 0, 0);">[*]</SUP> (Official Gazette). Retrieved via LawPlayer, https://lawplayer.com/ph/act/pd-314

Source: Official Gazette of the Republic of the Philippines — Philippine laws are public documents (works of the government).

No copyright in works of the Government (RA 8293 s.176)

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