
Lifeline vs oil price surge: Pimentel backs suspension of fuel excise tax
Senate Minority Leader Aquilino “Koko” Pimentel III is urging the government to offer “a lifeline now” to Filipinos struggling with the soaring oil prices.
Senate Minority Leader Aquilino “Koko” Pimentel III is urging the government to offer “a lifeline now” to Filipinos struggling with the soaring oil prices.
President-elect Ferdinand Marcos Jr. on Wednesday underscored the need for an “intense study” on the proposal to remove the excise tax being imposed on petroleum products.
House Deputy Speaker and 1-Pacman Rep. Mikee Romero on Tuesday expressed his support for the establishment of strategic fuel reserves that could help cushion increases in fuel prices.
With the recorded increase in the inflation rate last month, House Deputy Minority Leader and Bayan Muna Rep. Carlos Isagani Zarate renewed his call for the Duterte administration to suspend the collection of excise taxes on fuel products.
President Rodrigo Duterte has approved the recommendations to retain fuel excise tax under the Tax Reform for Acceleration and Inclusion law and to provide a P200 monthly subsidy to poor households, Malacañang said.
President Rodrigo Duterte on Tuesday said he can’t immediately act on the proposal to stop e-sabong operations and suspend excise taxes on fuel.
The government is not opposed to suspending the excise taxes on fuel due to the soaring oil prices caused by the invasion of Ukraine, Malacañang said Friday.
Davao City Mayor Sara Duterte on Thursday urged the government to suspend fuel excise tax amid the high prices of petroleum products.
Billy Begas House Deputy Minority Leader and Bayan Muna Rep. Carlos Isagani Zarate on Monday called on Malacañang to “wake up and call for a
House Deputy Speaker and 1PACMAN Rep. Mikee Romero is urging Congress and the economic managers of President Rodrigo Duterte to endorse the proposal suspending excise taxes on petroleum products.