Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as the Result of the Change in Company Netback, per Energy Regulatory Board Resolution No. 89-09 Dated February 10, 1989
Revenue Memorandum Circular No. 09-89 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Feb 22, 1989
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February 22, 1989 REVENUE MEMORANDUM CIRCULAR NO. 09-89 SUBJECT : Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as the Result of the Change in Company Netback, per Energy Regulatory Board Resolution No. 89-09 Dated February 10, 1989 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 effective 12:01 AM, January 1, 1989. acd Peso/Liter Products Previous Tax Present Tax Difference Premium/Avgas P2.5261 P2.6058 0.0797 Regular Gasoline 2.1421 2.2436 0.1015 Avturbo 2.4323 2.8512 0.4189 Kerosene 0.8491 0.9945 0.1454 Diesel Fuel 0.7932 0.8504 0.0572 Fuel Oil (Bunker) L P G* 0.8543 0.8761 0.0218 Asphalts 0.6376 0.6463 0.0087 Thinners 0.8133 0.8404 0.0271 * P1.5673/kilogram All internal revenue officers and others concerned are enjoined to be guided accordingly and to give this circular as wide a publicity as possible. JOSE U. ONG Commissioner
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