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Senator Grace Poe is set to refile her bill seeking to temporarily halt the collection of excise tax on oil products to cushion the blow of the price surges on the Filipino people. Poe’s bill proposes to amend Section 148 of the National Internal Revenue Code to provide for the automatic suspension of the excise […]
Senator Win Gatchalian urged the Department of Energy (DOE) to intensify its monitoring activities against profiteers taking advantage of consumers by imposing exorbitant pump prices of fuel products amid the escalation of cost of fuels in the world and domestic markets. “The DOE should make sure that oil companies and retailers are not abusing the […]
Farmers and fishermen equally hurting from the incessant oil price spikes must not be left out in the distribution of government subsidy to affected transport sectors, Senator Kiko Pangilinan said. At the same time, Pangilinan reiterated his call to suspend the excise tax on oil products to mitigate the impact of oil prices, which hit […]
Suspending excise tax on fuel is an option being considered by government to tame inflation, Special Assistant to the President Bong Go said. In a statement released to the media, Go said while the administration of President Rodrigo Duterte is “open” to suspending the excise tax on fuel, lawmakers and other stakeholders should take into […]