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PRESIDENTIAL DECREE NO. 314
PRESIDENTIAL DECREE NO. 314
- INCREASING THE SPECIFIC TAX ON GASOLINE, LUBRICATING OIL AND
AUTOMOTIVE DIESEL OIL BY AMENDING Sections 142 AND 145 OF THE NATIONAL
INTERNAL REVENUE CODE, AS AMENDED
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chanroblesvirtualawlibrary
WHEREAS, it
is in line with the declared policy of the Government to accelerate the
economic and social development of the country to provide for the
construction and improvement of highways, roads, bridges and other
infrastructures;chanroblesvirtualawlibrary
WHEREAS, the estimated amounts that are expected to accrue to the
Highways Special Fund in the next fiscal years are grossly inadequate
to pursue the current program of highway improvement and development;chanroblesvirtualawlibrary
WHEREAS, the tax on gasoline in the Philippines is one of the lowest in
the world, as revealed in a comparative study of the gasoline tax in 15
countries/cities, as revealed by the following statistics (based on
April, 1972 estimates):cralaw:red
The Cost of Gasoline in Several Countries/Cities
Showing the Tax Component and Product
Cost in Equivalent Centavos
Per Liter
Among Non-Asian
Countries/Cities Tax
Element Product Cost
Adelaide, Australia 24.5 43.4
Dallas, U.S.A. 15.5 42.7
Naples, Italy 123.6 34.3
New York, U.S.A. 18.9 51.3
New Zealand 34.0 38.1
Oslo, Norway 95.1 39.0
Rotterdam, Netherlands 82.1 36.0
United Kingdom 77.3 37.8
Vienna, Austria 54.9 33.5
Washington, D.C., U.S.A. 18.9 44.5
Among Asian Cities Tax Element
Product Cost
Bangkok 27.8 31.8
Hong Kong 42.4 37.8
Kuala Lumpur 60.8 36.4
Singapore 60.8 35.0
Tokyo 51.9 43.9
Manila 8.0(14 as 22.0
proposed)
WHEREAS, the current gasoline price in Manila, as compared with those
in progressive Asian cities, is also the lowest, as shown below:cralaw:red
Price, Equivalent Centavos per Liter
(as of October, 1973, except for Jakarta
which is as of March 1973)
Cities Premium Regular
Calcutta, India 133.5 128.9
Hong Kong 117.8 107.5
Jakarta, Indonesia 64.8 57.3
Sabah, Malaysia 144.5 130.2
Saigon, Vietnam 142.8 115.6
Sarawak 122.0 107.7
Singapore 145.2 135.6
Tokyo, Japan 166.6 143.5
Manila 39.0 33.0
WHEREAS, the tax on automotive diesel is very low compared to the tax
on gasoline and should be increased to make its tax nearer that on
gasoline since automotive diesel is also used for motor purposes;chanroblesvirtualawlibrary
WHEREAS, the increase in tax on gasoline, lubricating oil and
automotive diesel oil is consistent with present policy to conserve
fuel;chanroblesvirtualawlibrary
NOW, THEREFORE, in order to effect the desired changes and reforms in
the economic, social and political structure of our society, I,
FERDINAND E. MARCOS, President of the Philippines, by virtue of the
powers in me vested by the Constitution as Commander-in-Chief of the
Armed Forces of the Philippines, and pursuant to the Proclamation 1081
dated September 21, 1972, and General Order No. 1 dated September 22,
1972, do hereby order and decree the following: chanroblesvirtualawlibrary
Section 1. Section 142 sub-paragraphs (b) and (c) and
Section 145 of the National Internal Revenue Code, as amended, are
hereby further amended to read as follows:cralaw:red
"Sec. 142. Specific tax on manufactured oils and
fuels. — On refined and manufactured mineral oil and motor fuels, there
shall be collected the following taxes:cralaw:red
xxx
xxx
xxx
(b) Lubricating oils, per liter of volume capacity,
TEN [seven] centavos;chanroblesvirtualawlibrary
(c) Naptha, gasoline and all other similar products
of distillation, per liter of volume capacity, FOURTEEN [eight]
centavos; and
xxx
xxx
xxx
"Sec. 145. Specific tax on diesel fuel oil. — On fuel
oil, commercially known as diesel fuel oil, and on similar fuel oils,
having more or less the same generating power, WITH SPECIFIC GRAVITY OF
.820 to .920 AT 60 DEGREES FAHRENHEIT, there shall be collected, [per
metric ton, one peso], PER LITER, TWO CENTAVOS; PROVIDED THAT, ON
DIESEL OIL USED FOR AUTOMOTIVE PURPOSES THE TAX SHALL BE SIX CENTAVOS
PER LITER."
Section 2. This shall take effect
immediately. chanroblesvirtualawlibrary
Done in the City of Manila,
this 20th of October, in the year of Our Lord, nineteen hundred and
seventy-three.
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