Monday 10 December 2018
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inquirer - 25 days ago

Senators hail suspension of excise tax on petroleum products

Senators hailed on Thursday the suspension of a further increase in excise taxes on petroleum products amid the soaring price of crude in the world market. Budget Secretary Benjamin Diokno announced on Wednesday that President Rodrigo Duterte has approved the suspension of the increase in oil excise taxes next year. READ: Diokno: Duterte approves temporary suspension of oil excise tax increase In October, members of the Senate also wrote a letter to the President to suspend additional increase in oil excise tax. READ: 17 senators ask Duterte to support suspension of excise tax on fuel We commend President Rodrigo Duterte a...

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