An "Fuel Crisis Ad Hoc Committee" will convene in the House of Representatives next week to tackle possible solutions to the problem of runaway domestic fuel prices. (Photo from House Speaker Lord Allan Velasco's Facebook) This was confirmed by House Speaker Lord Allan Velasco Friday afternoon,...
The government should suspend the excise tax on oil to cushion the effects of the tension between Russia and Ukraine on the price of commodities, Senator Francis “Kiko” Pangilinan said on Monday, Feb. 28. Senator Francis “Kiko” Pangilinan (TRoPa2022) Pangilinan, a vice presidential...
Malacañang said that the proposed suspension of the excise tax to address the rising price of oil in the country cannot just be implemented unless recommended by the Department of Finance (DOF) and the Development Budget Coordination Committee (DBCC). (File photo) Cabinet Secretary Karlo Nograles...
PASAHERO Party-list has added its voice to the growing clamor of stakeholders who want to suspend excise tax on oil products amid concerns that local pump prices would continue to climb in the coming weeks. (File photo/ MANILA BULLETIN) According to Allan Yap, the party-list's founder, the proposed...
Gov’t readies ‘targeted assistance’ as oil prices rise By Chino S. Leyco Amid calls to suspend taxes on petroleum, President Duterte’s economic managers announced that the government will instead provide targeted relief assistance and support to sectors affected by the skyrocketing oil...
House Speaker Lord Allan Velasco and Senate President Vicente "Tito" Sotto lll should recommend to Malacañang the conduct of special sessions in Congress to approve bills that would suspend excise taxes on fuel, the prices of which have been skyrocketing as of late. House Speaker Lord Allan...
Amid the runaway increases in pump fuel prices, Gabriela Party-list Rep. Arlene Brosas issued a challenge to the candidates vying for the Palace seat in the upcoming 2022 polls: reverse the Oil Deregulation Law. "Kahit bali-baligtarin ang usapin ng taas-presyo ng langis, Oil Deregulation Law pa rin...
As oil companies move to implement a big time oil price hike starting this week, an opposition leader aired strong suspicion that government economic managers are blocking efforts in Congress to suspend excise tax on petroleum products for at least six months. Gasoline pump Deputy Minority Leader...
The Department of Finance (DOF) has warned that the proposed suspension of the excise taxes on fuel will be inequitable and lead to significant revenue losses, thus threatening the country’s recovery and growth prospects. Amid calls for the government to address the recent spiral in fuel prices,...
The House Committee on Ways and Means approved Thursday, Nov. 11 the proposal to reduce or suspend excise taxes on petroleum products but not on premium gasoline with highest octane mix. Gasoline up The House panel chaired by Albay 2nd District Rep. Joey Sarte Salceda approved a substitute bill...
Taking a hint from San Miguel Corporation president and chief executive officer Ramon S. Ang, senior members of the Lower House want to launcg an inquiry into reported massive smuggling of fuel into the country. Appearing before the House Committee on Ways and Means on Monday, Ang noted that...
The House Committee on Ways and Means is leaning towards the approval of a bill that would suspend for six months the excise taxes on diesel and kerosene and reduce similar imposition on gasoline. Gasoline pump picture In an initial discussion of six legislative measures containing various...
