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                    [ArticleID] => 95813
                    [Title] => DOE to review its position on baseoil tariff
                    [Summary] => It’s back to square one for Senate Bill 2267 which proposes to increase baseoil tariff to as much as 20 percent.


"We will restudy our position," said Energy Secretary Jose Isidro Camacho. "I think this is not as immediate issue" as the passage of the Power Sector Reform Bill.


Under SB 2267, the current three percent tariff on imported lubricants, baseoils and asphalts will be increased to 15 percent (for ASEAN origin) and to 20 percent (for other countries of origin). The tariff will stay at three percent for locally-produced products.


                    [DatePublished] => 2001-04-17 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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PILILLA BASEOIL REFINER

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                    [ArticleID] => 95813
                    [Title] => DOE to review its position on baseoil tariff
                    [Summary] => It’s back to square one for Senate Bill 2267 which proposes to increase baseoil tariff to as much as 20 percent.


"We will restudy our position," said Energy Secretary Jose Isidro Camacho. "I think this is not as immediate issue" as the passage of the Power Sector Reform Bill.


Under SB 2267, the current three percent tariff on imported lubricants, baseoils and asphalts will be increased to 15 percent (for ASEAN origin) and to 20 percent (for other countries of origin). The tariff will stay at three percent for locally-produced products.


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abtest

DOE to review its position on baseoil tariff

April 17, 2001 - 12:00am

It’s back to square one for Senate Bill 2267 which proposes to increase baseoil tariff to as much as 20 percent. "We will restudy our position," said Energy Secretary Jose Isidro Camacho. "I...

Business