Gov’t hesitating on fuel excise tax suspension; cites marginal impact despite revenue loss
Earlier this week, President Ferdinand Marcos Jr. suspended excise taxes on liquefied petroleum gas (LPG) and kerosene. While this is expected to translate into savings for Filipino households and small businesses—around P37 per 11kg LPG cylinder and P5.60 per liter of kerosene—many were hoping for a blanket suspension that would have included gasoline and diesel. Suspending…











