Department Circular No. DC2020-05-0012

Guidelines Implementing the Temporary Modification of Import Duty Rates on Crude Petroleum Oil and Refined Petroleum Products as Provided Under Executive Order (E.O.) No. 113

Pursuant to Section 3 of E.O. No. 113 issued by the President of the Republic of the Philippines on 2 May 2020, the Department of Energy (DOE), in coordination with the Department of Finance (DOF), Department of Trade and Industry (DTI), National Economic and Developmeny Authority (NEDA) and he Bureau of Customs (BOC), hereby adopt the following guidelines to implement the reversion of tariff rates to zero percent (0%) on imported crude oil and refined petroleum based on specified trigger price indexed to international oil prices in the work market.

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The Philippine Star
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