Independent fuel provider Seaoil Philippines became the first oil firm to comply with the new government initiative to curtail oil smuggling.
Said program is the Fuel Marking Program (FMP). The program aims to stop oil smuggling by marking fuel containers. It does so by placing a molecular marker on imported, manufactured and refined fuel products such as diesel, gasoline, and kerosene.
Seaoil’s bulk terminal in Mabini, Batangas was the site for the inaugural marking to launch the program, where live marking of imported fuel is implemented. The FMP is expected to be implemented also in other depots in the future.
The event was led by officials of the Bureau of Customs, Department of Finance, Bureau of Internal Revenue together with the Department of Energy and fuel marking provider, SICPA –SGS Philippines.
After implementing the FMP, fuel depots and terminals shall be tested for compliance.
With additional report from: philstar.com
Photo sources: 2ndopinion.ph, business.mb.com.ph, petrolworld.com
