Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as a Result of the Change in Company Netback per Energy Regulatory Board Resolution No. 90-13 Dated October 9, 1990
Revenue Memorandum Circular No. 092-90 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Nov 5, 1990
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November 5, 1990 REVENUE MEMORANDUM CIRCULAR NO. 092-90 SUBJECT : Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as a Result of the Change in Company Netback per Energy Regulatory Board Resolution No. 90-13 Dated October 9, 1990 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 A.M. September 1, 1990. cd PESO/LITER Products Previous Tax Present Tax Difference Premium/Avgas P3.5964 P4.1424 P0.5460 Regular Gasoline 3.2622 3.9262 0.6640 Avturbo 3.4037 4.1168 0.7131 Kerosene 1.1704 1.4218 0.2514 Diesel Oil 1.1532 1.3351 0.1819 Fuel Oil/Feedstock 0 0 0 LPG 1.0590 1.0795 0.0205 or 1.8946/kg. or 1.9312/kg. 0.0366 Asphalts 0.7956 0.9297 0.1341 Thinners 1.1780 1.3677 0.1897 All internal revenue officers and other concerned are enjoined to be guided accordingly and to give this circular as wide a publicity as possible. cd i JOSE U. ONG Commissioner
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