LPG group asks gov't to suspend excise tax on fuel products
The LPG company REGASCO has urged the Philippine government to temporarily suspend excise taxes on liquefied petroleum gas (LPG) and other fuel products due to soaring crude oil prices. The group estimates that such a suspension could lead to price reductions of P3 per kilogram for LPG, P6 per liter for diesel, P10 per liter for gasoline, and P5 per liter for kerosene.
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REGASCO, an LPG industry group in the Philippines, has urged the government to temporarily suspend excise taxes on liquefied petroleum gas (LPG) and other fuel products due to soaring Dubai crude oil prices. The suspension could lead to price reductions of P3 per kilogram for LPG, P6 per liter for diesel, P10 per liter for gasoline, and P5 per liter for kerosene.
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