Fuel Backup Mode: BIR Fast-Tracks Emergency Imports as PH Guards Supply

The government is moving faster on emergency fuel imports, with the Bureau of Internal Revenue helping clear the way for PNOC Exploration Corp. to bring in petroleum products. The move is part of the state’s response to growing pressure on energy supply as global oil markets stay shaky.

According to the report, the BIR’s Large Taxpayers Service issued a special permit tied to Executive Order 110, which declared a national energy emergency. That order allows a more unified government response covering key pressure points like transport, food, industry, and livelihoods while authorities try to stabilize fuel availability.

PNOC Exploration had informed the tax bureau that it planned to undertake emergency petroleum imports, and the BIR said it worked with the state-run firm to speed up documentary and procedural requirements. Commissioner Charlito Martin Mendoza said the agency would continue coordinating closely with PNOC for current and future importations needed under the emergency setup.

The report also noted that some economists are urging a broader response beyond supply measures alone. Former Bangko Sentral deputy governor Diwa Guinigundo said targeted tax relief may help cushion consumers during extreme price spikes, but he also warned that suspending taxes comes with trade-offs because government revenues would take a hit.

For now, the focus is on making sure supply arrives on time while officials consider other tools such as targeted subsidies, strategic stockpiling, energy conservation, and a faster shift toward renewables. In short, hindi lang import-import ito; the government is trying to buy breathing room while the bigger energy crunch is being managed.

Source: The Manila Times