SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Aug 4, 2021

2. SEC Identification Number

14829

3. BIR Tax Identification No.

000-164-757

4. Exact name of issuer as specified in its charter

Pilipinas Shell Petroleum Corporation

5. Province, country or other jurisdiction of incorporation

Taguig City, Metro Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

41st Floor, The Finance Center, 26th Street corner 9th Avenue, Bonifacio Global City, Brgy. Fort Bonifacio Taguig City, Metro Manila Postal Code 1635

8. Issuer's telephone number, including area code

(632) 3 499 4001

9. Former name or former address, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	1,613,444,202

11. Indicate the item numbers reported herein

Item 9 - Other Events

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Pilipinas Shell Petroleum CorporationSHLPH

PSE Disclosure Form 16-1- Update on Corporate Actions/
Material Transactions/Agreements References: SRC Rule 17 (SEC Form 17-C) and
Section 16 of the Revised Disclosure Rules

Subject of the Disclosure
Receipt of SC Decision dated 15 March 2021 Remanding the Case on Alkylate Importations to CTA
Background/Description of the Disclosure
The BusinessWorld (Online Edition) published on 12 July 2021 the attached news report entitled “SC affirms nearly P2-B suspended taxes from Shell”, the pertinent portion reads: “THE Supreme Court (SC) affirmed the suspension by the Court of Tax Appeals (CTA) of the collection of excise taxes from Pilipinas Shell Petroleum Corp. (PSPC) for its importation of a petroleum additive from January 2010 to June 2012 amounting to P1.99 billion. However, the SC also ruled that CTA correctly refused to issue a suspension order on further taxation of PSPC’s shipment of the petroleum additive, alkylate. In its decision promulgated March 15 and published on July 8, the high court said that the CTA can only decide on final and executory tax assessments. x x x” On 12 July 2021, we disclosed by way of clarification of news article that Pilipinas Shell Petroleum Corporation (“SHLPH”) was awaiting its copy of the Decision dated 15 March 2021 (“Decision”) from the Supreme Court (“SC”). We confirm that we received a copy of the Decision on 04 August 2021. The SC affirmed the suspension order by the Court of Tax Appeals (“CTA”) for SHLPH’s alkylate importations from January 2010 to June 2012 amounting to P1.99 billion. The SC likewise affirmed the power of the CTA to issue temporary restraining order/writ of preliminary injunction (“TRO/WPI”) to stop the government from collecting excise taxes on SHLPH’s subsequent alkylate importations. Accordingly, the SC remanded the case to the CTA for the determination of SHLPH’s entitlement to a TRO/WPI. To date, the merits of the case, including the very issue of whether SHLPH’s alkylate importations are subject to excise tax or not, are yet to be decided by the CTA. Following the Supreme Court’s directive to remand the case to the CTA, SHLPH has filed a motion to pursue a previous TRO application with the CTA to whom this matter has been remanded.
Other Relevant Information
Please refer to the attachments.