Marcos suspends excise tax on fuel products

MANILA (Updated 5:55 p.m.) — President Ferdinand Marcos Jr suspended taxes on kerosene and liquefied petroleum gas on Monday to help consumers cope with rising fuel costs. Congress had granted Marcos emergency powers to adjust fuel taxes, one of several measures the Philippines has undertaken to cope with a sharp surge in oil prices driven by the Middle East conflict. […] The post Marcos suspends excise tax on fuel products appeared first on Interaksyon.