REVENUE MEMORANDUM CIRCULAR (RMC) NO. 100-2026
I. Purpose
This Circular circularizes Executive Order (EO) No. 125, Series of 2026, which temporarily suspends the excise taxes on specific petroleum products.
II. Coverage
This circular applies to the following petroleum products:
• Liquified Petroleum Gas (LPG): Full suspension of excise taxes, except when used as a raw material for the production of petrochemical products or used for motive power.
• Kerosene: Full suspension of excise taxes, except when used as aviation fuel.
III. Key Provision & Reversion Rules
• Legal Basis: Issued pursuant to Republic Act (RA) No. 12316, which amended Section 148 of the National Internal Revenue Code of 1997, as amended (Tax Code), as well as RR No. 3-2026.
• Automatic Reversion of Rates: The excise tax rates will automatically revert to their original rates under Section 148 of the Tax Code, without needing further issuance, upon whichever of the following occurs first:
o One (1) week after the 1-month average Dubai crude oil price based on MOPS falls below USD 80 per barrel, as certified by the DOE; or
o After three (3) months from the effectivity of this order.
IV. Monitoring & Implementation
• Stock Inventory: The DOE and DOF (via the BIR and BOC) are directed to conduct a joint inventory of existing stocks of LPG and Kerosene as of the order’s effectivity.
• Monthly Reporting: The BIR and BOC must submit monthly information to the House of Representatives regarding the declared value and volume of the covered products.