Full Title
IMPOSING SPECIFIC TAX ON CERTAIN PETROLEUM PRODUCTS IN ADDITION TO THE AD VALOREM TAX IMPOSED THEREON
Executive Issuance Type
Executive Order
President
Marcos, Ferdinand E.
Date of Approval
December 26, 1985

Other Details

Issuance Category
Executive Issuance
Subjects
TARIFF ON PETROLEUM PRODUCTS
Amendment Note
PD No. 1994, Sec. 128, Par. c
PD No. 1994, Sec. 128, Par. 1

Full Text of Issuance

Executive Order No. 1076, s. 1985

Signed on December 26, 1985

MALACAÑANG
MANILA

BY THE PRESIDENT OF THE PHILIPPINES

EXECUTIVE ORDER NO. 1076

IMPOSING SPECIFIC TAX ON CERTAIN PETROLEUM PRODUCTS IN ADDITION TO THE AD VALOREM TAX IMPOSED THEREON

WHEREAS, with the lifting of the 5% import surcharge, the 1% foreign exchange transaction tax and the 25% mark-up on the advance sales tax effective January 1, 1986, it is imperative to adopt certain measures to recoup the foregone revenues arising from the abolition of such imposts;

WHEREAS, a substantial portion of the revenue loss could be recouped by internalizing the import surcharge on crude oil through an adjustment of the tax rates and other components of the price structure of certain refined petroleum products; and

WHEREAS, the restructuring of the tax on these products under such scheme will not in any manner increase their existing authorized wholesale posted and retail prices.

NOW, THEREFORE, I, FERDINAND E. MARCOS, I resident 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, as amended, do hereby direct and order that:

SECTION 1. Paragraph (b) of Section 128 of P. D. 1994 is hereby amended to read as follows:

“(b) For products subject to both specific and ad valorem taxes:

  “Specific “Ad Valorem
“(1) Naphtha, regular gasoline and similar products of distillation P1.575/liter 25%
“(2) Premium and aviation gasoline P1.49/liter 25%
“(3) Kerosene P0.268/liter 14%
“(4) Fuel Oil commercially known as diesel fuel oil, and on similar fuel oils, having more or less the same generating capacity, and liquefied petroleum gas used for motive power P0.269/liter 22%
“(5) Thinners and Solvents P1.491/liter 25%
“(6) Liquified Petroleum Gas except those used for motive power P0.572/liter or P1.029/kilogram 14%
“(7) Aviation Turbo Fuel P1.509/liter 25%
“(8) Fuel Oil commercially known as bunker fuel oil and oils having more or less the same generating power  P0.443/liter 7%
“(9) Asphalts P0.226/liter 14%

SECTION 2. Paragraph (c) of Section 128 of P. D. 1994 is hereby deleted.

SECTION 3. This Executive Order shall take effect on January 1, 1986.

Done in the City of Manila, this 26th day of December, in the year of Our Lord, nineteen hundred and eighty-five.

(Sgd.) FERDINAND E. MARCOS
President of the Philippines

By the President:

(Sgd.) JUAN C. TUVERA
Presidential Executive Assistant

Source: Malacañang Records Office

Office of the President of the Philippines. (1985). [Executive Order Nos. : 1030 – 1093]. Manila : Malacañang Records Office.