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. 87-03 dated March 16, 1987

March 18, 1987 REVENUE MEMORANDUM CIRCULAR NO. 09-87 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. 87-03 dated March 16, 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 March 1, 1987: acd Previous Tax Present Tax PRODUCTS Specific Ad Valorem Total Specific Ad Valorem Total Difference Tax Tax Tax Tax Tax Tax Premium P2.489 P0.931 P3.42 P2.489 P0.967 P3.456 .036 Regular 2.604 0.844 3.448 2.604 0.873 3.477 .029 Avturbo 2.567 0.871 3.438 2.567 0.974 3.541 .103 Kerosene 0.628 0.482 1.11 0.628 0.539 1.167 .057 Diesel 0.523 0.632 1.155 0.523 0.787 1.31 .155 Fuel Oil 0.511 0.154 0.665 0.511 0.202 0.713 .048 LPG 0.697 0.32 1.017 0.697 0.353 1.05 .033 or 1.247/kg. 0.572/kg. 1.819/kg. 1.247/kg. 0.631/kg. 1.878/kg. .059 Asphalts 0.581 0.373 0.954 0.581 0.469 1.05 .096 Solvents 2.472 0.851 3.323 2.472 0.953 3.425 .102 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