Philippines President Marcos suspends LPG and kerosene excise taxes temporarily

The new executive order removes the excise duties on LPG, except when the fuel is used as a petrochemical feedstock or for propulsion, and on kerosene, except for aviation fuel. The suspension is intended to be temporary, though the order does not specify an exact end date. The measure aims to lower fuel costs for consumers and businesses. Marcos issued the order on Friday in Manila, signaling a direct government intervention in energy pricing.