Customs to implement fuel-marking systems

THE Bureau of Customs (BOC) will now implement its fuel-marking system to curb oil smuggling, the BOC commissioner said on Tuesday.

“We are going to implement it, maybe next year. But if we do that it will just be around six centavos per liter then we can stop smuggling. Because of that we can monitor up to the last liter how much fuel we are bringing into the country,” commissioner Nick Faeldon, said during the Senate hearing on Ways and Means—Department of Finance tax reform.