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8box Solutions Inc.

4_20230710_150500_0001

Contact Number: 09369340340
Email: sales@8box.solutions

REVENUE MEMORANDUM CIRCULAR NO. 105-2024 issued on September 12, 2024 implements increased biodiesel blend requirements, and updating of the requirements for permit to operate for Downstream Oil Industry (DOI) participants.

Effective October 1, 2024, the biodiesel blend requirements and their respective date of effectivity for diesel fuel shall be as follows:

  • October 1, 2024: Increase from the existing two percent (2%) biodiesel blend to three percent (3%).
  •  October 1, 2025: Further increase to a four percent (4%) biodiesel blend.
  • October 1, 2026: Further increase to a five percent (5%) biodiesel blend.

 

The DOl participants may offer consumers gasoline fuel containing twenty percent (20%) bioethanol blend on a voluntary basis.

All affected permits to operate within the DOl must reflect the changes prescribed by this Order, specifically:

i. Permit holders must ensure that their operations comply with the increased biodiesel blend requirements.

ii. All relevant documentation, including but not limited to applications, renewals, and compliance reports, must clearly indicate adherence to the new biodiesel blend percentages.

iii. Existing permits must be updated to reflect these changes no later than December 31, 2024. All new permits issued on the date of this Order will be valid until December 31, 2025 and must also comply with these updated requirements.

All existing and valid permits as of date of the Circular shall remain valid only until December 31, 2024. All applications and renewals done as of the date of the Circular shall be valid until December 31, 2025.

All DOI participants, fuel distributors, and fuel retailers are directed to comply with the biodiesel blend requirements. Non-compliance with the mandate will result in penalties and sanctions as provided by existing laws and regulations.