Chevron Philippines Inc. (CPI), the marketer of Caltex-brand fuels, said it underwent a live fuel marking at its import terminal in San Pascual, Batangas as part of the government requirement to curb smuggling of petroleum products.
“CPI supports the government’s initiative to curb fuel smuggling through this fuel marking program. We hope that this program will level the playing field among the industry participants and ensure that all oil companies pay the correct taxes and help build the nation,” said Louie Zhang, company country chairman.
CPI said the fuel marking activity was held on Monday and witnessed by officials from the Bureau of Customs aside from representatives of the fuel marker consortium.
According to data from the Department of Energy, as of first half 2019, Caltex has a market share of 7.56 percent