Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as the Result of the Increase in Company Netback per Board of Energy Resolution No. 87-02 Dated February 7, 1987

February 18, 1987 REVENUE MEMORANDUM CIRCULAR NO. 04-87 SUBJECT : Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as the Result of the Increase in Company Netback per Board of Energy Resolution No. 87-02 Dated February 7, 1987 TO : All Internal Revenue Officers and Others Concerned For the information and guidance of all concerned, published hereunder are the new ad valorem taxes on the following petroleum products retroactive to January 1, 1987: acd Previous Tax Present Tax PRODUCTS Specific Ad Valorem Total Specific Ad Valorem Total Differ Tax Tax Tax Tax Tax Tax ence Premium P2.489 P0.722 P3.211 P2.489 P0.931 P3.42 .209 Regular 2.604 0.648 3.252 2.604 0.844 3.448 .196 Avturbo 2.567 0.56 3.127 2.567 0.871 3.438 .311 Kerosene 0.628 0.302 0.93 0.628 0.482 1.11 .180 Diesel 0.523 0.449 0.972 0.523 0.632 1.155 1.83 Fuel Oil 0.511 0.103 0.614 0.511 0.154 0.665 .051 LPG 0.697 0.287 0.984 0.697 0.32 1.017 .033 or 1.247/kg. 0.513/kg. 1.76/kg. 1.247/kg. 0.572/kg. 1.819/kg. .059 Asphalts 0.581 0.27 0.851 0.581 0.373 0.954 .103 Solvents 2.472 0.53 3.002 2.472 0.851 3.323 .321 All internal revenue officers and others concerned are enjoined to be guided accordingly and to give this circular as wide a publicity as possible. (SGD.) BIENVENIDO A. TAN, Jr. Commissioner of Internal Revenue