Philippine Government Considers Fuel Excise Tax Adjustments Amid Price Surges
What happened
The Philippine government is considering whether to cut or suspend fuel excise taxes despite the fact that the threshold allowing tax relief has been breached. This consideration follows oil prices rising sharply for the third consecutive week, leading to significant increases in pump prices for diesel, gasoline, and kerosene. The Department of Energy confirmed that Dubai crude averaged $99.41 a barrel between August 13 and September 11, exceeding the $80 threshold required to consider temporary tax reductions or suspensions.
From bworldonline.com
Why it matters
The economic team is nearing completion of its recommendation regarding the fuel excise taxes and is expected to submit it to President Ferdinand R. Marcos, Jr. The President has the authority to reduce or suspend these taxes on specific petroleum products for periods up to three months, should the need be deemed necessary.
From bworldonline.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Metro ManilaSpeculative
The metropolitan area could feel the impact of fuel price changes on inflation and consumer and operational costs.
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The entities involved
Related events
- Marcos Jr. participated in a book event at the University of the Philippines Diliman on September 23, 2026.
- Giovanni Lopez was appointed government secretary while Marcos leads the national administration in the Philippines.
- President Marcos Jr. is from the Philippines.
- Marcos administration leads the Philippine economy while regional tensions affect stability.
- President Marcos is seeking to prohibit Meralco from passing system loss charges while the Senate prioritizes bills to boost workers' pay.