Economy
Temporary fuel tax break ends; impact on prices looms
The Philippine government will end its temporary excise tax exemption on kerosene and liquefied petroleum gas (LPG) starting July 8, as Dubai crude oil prices have fallen below the trigger level. This could lead to increased consumer costs.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- PCCI Backs Power Market Reforms, Citing Enhanced Competition and Consumer Welfare
The Philippine Chamber of Commerce and Industry (PCCI) has expressed support for recent reforms by the Energy Regulatory Commission (ERC) aimed at boosting market competition and consumer welfare. Meanwhile, a consumer group is calling for a comprehensive audit of electricity bills due to reported unusual spikes in some areas.