Marcos suspends excise taxes on LPG and kerosene in Philippines
President Ferdinand Marcos Jr. has temporarily lifted excise taxes on LPG and kerosene, with officials citing the need to shield consumers while excluding gasoline and diesel from the relief.
What happened
President Ferdinand Marcos Jr. issued Executive Order No. 125, temporarily suspending excise taxes on liquefied petroleum gas (LPG) and kerosene.12
The suspension of LPG excise taxes does not apply when LPG is used as a raw material for petrochemical products or for motive power, and the kerosene suspension does not apply when used as aviation fuel.2
The tax relief does not extend to gasoline and diesel.1
CNA reported the move in connection with the Middle East war.3
Key points
What the coverage leaves out
- None of the outlets reviewed detailed the specific link between the Middle East war and the decision to suspend these excise taxes, beyond CNA's headline reference.
- None of the outlets reviewed reported the duration of the suspension or when it is expected to end.
- None of the outlets reviewed reported the estimated fiscal cost of the tax suspension or its expected impact on consumer prices.
Why it matters
Finance Secretary Frederick Go said extending the tax relief to gasoline and diesel would not be progressive, as higher-income consumers who use more of those fuels would capture more of the benefit.1
Sources (3)
Every outlet we drew on, grouped by where it is based. Read the originals for the full reporting.
Southeast Asia
- 1RapplerPHIndependent
- 2Philippine Daily InquirerPHPrivate
Marcos temporarily suspends excise taxes on LPG and kerosene
- 3CNASGState-controlled