Philippines Reduces Fuel Excise Taxes

Philippine President Ferdinand Marcos Jr. cuts LPG and kerosene excise taxes to offset rising fuel costs, targeting household fuels.

President Ferdinand Marcos Jr. has reduced excise taxes on liquefied petroleum gas and kerosene as part of efforts to cushion the impact of rising fuel prices. The tax cuts lower LPG excise by ₱3.36 per liter and kerosene by ₱5.60 per liter, targeting fuels commonly used in households and daily activities. The move is authorized...

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