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. 87-06 Dated November 16, 1987
Revenue Memorandum Circular No. 49-87 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Dec 2, 1987
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December 2, 1987 REVENUE MEMORANDUM CIRCULAR NO. 49-87 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. 87-06 Dated November 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 effective 12:01 AM, November 1, 1987. Peso/Liter Products Previous Tax Present Tax Difference Premium/Avgas P3.5374 P3.4785 (P0.0589) Regular Gasoline 3.1964 3.1375 (0.0589) Avturbo 3.5250 3.5250 Kerosene 1.1620 1.1419 (0.0201) Diesel 1.1171 1.0970 (0.0201) Fuel Oil/Feedstock LPG* 0.8025 0.7824 (0.0201) Asphalts 1.0227 1.0026 (0.0201) Thinner/Solvent 3.3708 3.3119 (0.0589) * P1.3997/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. acd (SGD.) EUFRACIO D. SANTOS Deputy Commissioner Officer-in-Charge
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