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...
Presidential candidate Senator Christopher “Bong” Go on Friday, Nov. 5 urged President Duterte to give the Department of Budget and Management (DBM) authority to release excise tax proceeds on locally manufactured Virginia-type cigarettes for fiscal years 2018 and 2019 to local government units...
It will be an early Christmas gift President Rodrigo Duterte will be giving Filipinos if he heeds appeals for the suspension of the imposition on excise tax on petroleum products amid the continued rise in fuel prices. Rep. Jesus 'Bong' Suntay House Deputy Majority Leader and Quezon City Fourth...
A principal author of the law that imposed excise taxes on fuel is now seeking the reduction of the much-criticized imposition but with an effectivity of just six months - from December 1, 2021 to June 1, 2022. Albay Rep. Joey Sarte Salceda Albay Rep. Joey Sarte-Salceda, chairman of the House...
House Deputy Minority leader and Bayan Muna Rep. Carlos Isagani Zarate on Thursday, Oct. 29 slammed the Department of Finance for aggressively pushing for approval of a bill that resulted foregone revenues of P260 billion to government while standing strong against any move to suspend the...
