Marcos suspends excise taxes on LPG, kerosene anew

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A worker unloads tanks of liquefied petroleum gas (LPG) at a store in Paco, Manila, on January 30, 2023.

President Ferdinand Marcos Jr. has suspended excise taxes on liquid petroleum gas (LPG) and kerosene due to high global oil prices, effective immediately upon publication. The suspension lasts a maximum of three months and does not apply to gasoline or diesel, which have seen significant price increases. The measure will be reviewed monthly by the Development Budget Coordination Committee and the Department of Energy to determine its continuation or modification. This is AI-generated.

MANILA, Philippines – President Ferdinand Marcos Jr. has ordered the full suspension of excise taxes on liquid petroleum gas (LPG) and kerosene as high global oil prices continue to hit the wallets of Filipino consumers; the relief, however, does not extend to gasoline or diesel.