Section 2
SEC. 2. In addition to the internal revenue allotments under Presidential Decree No. 144 and the Highway Special Fund allotments under Republic Act No. 917, as amended by Presidential Decree No. 17, and further amended by Presidential Decree Nos. 130 and 320, provinces, cities and municipalities shall share in the specific taxes on the following petroleum products in such amounts as may be equivalent to the collections therefrom at the rates indicated hereunder: Lubricating oils, per liter of volume capacity — twenty centavos; Naphtha, gasoline and all other similar products of distillation, per liter of volume capacity — four centavos; On bunker fuel oil, and on all similar fuel oils, having more or less the same generating power, per liter of volume capacity — one-half centavo. On diesel fuel oil, and on all similar fuel oils, having more or less the same generating power, per liter of volume capacity — one-half centavo. The additional allotment is in lieu of local taxes imposed on petroleum products and for this purpose, Section 24 of Presidential Decree No. 231, otherwise known as the Local Tax Code, has been repealed by Presidential Decree No. 426 on March 30, 1974.