Excise tax on LPG, kerosene suspended for 3 months - Marcos

MANILA, Philippines – President Ferdinand R. Marcos Jr. has ordered the three-month suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene to mitigate the impact of rising global oil prices. Under Executive Order (EO) 114 signed by Marcos on April 16, the suspension of excise taxes on LPG and kerosene is subject to a monthly review. A copy of the EO was released on Friday. READ: Mandaue to strictly monitor prices of LPG, fuel products The order was issued after the Department of Energy (DOE) certified that the average Dubai crude oil price based on Mean of Platts Singapore […]... Keep on reading: Excise tax on LPG, kerosene suspended for 3 months - Marcos

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