Philippines' finance chief moves to reinstate tax break on kerosene and LPG
The Department of Finance is preparing a second request to suspend excise taxes on kerosene and LPG as global oil prices top $100 a barrel.
Finance Secretary Frederick Go said the department will seek another round of tax suspension for kerosene and liquefied petroleum gas. The move comes amid a sharp rise in crude oil prices, driven by renewed fighting in the Middle East. Officials are waiting for the necessary certification before filing the request. If approved, the relief could ease the cost burden on consumers facing higher fuel prices.
Why it matters
Lowering fuel taxes could help Filipino households cope with soaring energy costs.
In this story
excise taxkeroseneLPGoil price surgeMiddle East conflicttax reliefFinance Secretary Frederick Go
