Eurocontrol Technics Ord EUCTF

Philippines fuel marking contract...

[newdaydawning]

...to be awarded this quarter. This is going to be big deal given that the Philippines loses at least US$565 million dollars in tax revenues annual because of the rampant trade in illicit fuels. Implementation would begin in the second half of this year. If SICPA wins the job, EUO will prosper and the SP should move north quickly. If SICPA is unsucessful, EUO will likely continue to linger at current levels, barring news of an upside surprise.

https://www.dof.gov.ph/taxreform/index.php/2017/11/28/dof-expects-fuel-marking-system-place-2nd-semester-2018/

[kidl2]

A little confusing … Different timelines … This from the more recent article Ringert posted:   “The marking of petroleum products shall be mandatory within five years from the effectivity of RA 10963, or 2022 at the latest.”   https://fuelsandlubes.com/philippines-to-implement-fuel-marking-program-within-five-years/

[newdaydawning]

The Philippines Dept of Finance, an official government organ, is a much more credible source than fuelsandlubes

[kidl2]

While you SHOULD be correct with your statement, Philippine government information / time lines seem to be somewhat “unreliable”.   I recall a Fall 2016 government document which confirmed implementation of a marker program by the Spring of 2017.   The problem with fuel marking contracts in general but especially in highly corrupt countries … Highly influential and

[frs1960]

All right! And why a government aiming to curb oil smuggling would wait 5 years to do so knowing that every year so much money goes in the organized crime pockets? he DOF has estimated revenue losses (value-added tax and excise taxes) from smuggled or misdeclared fuel at P26.87 billion (approximately $565.68 million) in 2016 alone. However, the Asian Development Bank has pegged it at a higher

[Chutzpah]

frs the concept that Government IS organized crime or at least a partner to it seems to escape you.... why kill the golden goose when it provides such good "dividends"???