Presidential Decree No. 314

PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES


P.D. No. 314 : PHILIPPINE LAWS, STATUTES and CODES : CHAN ROBLES VIRTUAL LAW LIBRARY

PRESIDENTIAL DECREES




MALACANG
M a n i l a

PRESIDENTIAL DECREE No. 314 October 20, 1973

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

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;

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;

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):

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 proposed)
22.0

WHEREAS, the current gasoline price in Manila, as compared with those in progressive Asian cities, is also the lowest, as shown below:

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;

WHEREAS, the increase in tax on gasoline, lubricating oil and automotive diesel oil is consistent with present policy to conserve fuel;

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:

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:

"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:

xxx xxx xxx

(b) Lubricating oils, per liter of volume capacity, TEN [seven] centavos;

(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."

Sec. 2. This shall take effect immediately.

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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