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Author Topic: Tariff on crude oil and finished oil products  (Read 96 times)

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Tariff on crude oil and finished oil products
« on: August 21, 2017, 11:06:43 AM »
December 2000 - The suspension of the three percent import tariff on crude oil and finished oil products will entail a loss for the government of P1 billion over a threemonth period starting last month.

According to Bangko Sentral ng Pilipinas (BSP) Managing Director for Research Diwa Guinigundo, the foregone revenues will be felt by the national coffers for a three-month period, starting last November to January of 2001.

He explained that the three percent tariff on oil imports, both on crude and refined products, constitutes a proportion domestic pump-price. - MB

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