Tag: petroleum products

TULFO WANTS VAT ON PETROLEUM PRODUCTS SCRAPPED

Post author By Romelo Caparas
Post date April 15, 2026
No Comments on TULFO WANTS VAT ON PETROLEUM PRODUCTS SCRAPPED

The suspension of excise tax on petroleum products is not sufficient to ease the burden of Filipinos because of the rising cost of basic commodities due to soaring fuel price increases. Senator Erwin Tulfo, during the Senate Proactive Response and Oversight for Timely and Effective Crisis Strategy (PROTECT) ad hoc committee hearing, suggested that reduction […]

Tags petroleum products, removal, Senator Erwin Tulfo, VAT

Politics

FREEZE 12% VAT ON OIL PRODUCTS – MARCOS

Post author By Romelo Caparas
Post date July 16, 2021
No Comments on FREEZE 12% VAT ON OIL PRODUCTS – MARCOS

Senator Imee Marcos is calling for a one-year suspension of the value-added tax (VAT) on oil products amid lingering economic difficulties due to the COVID-19 pandemic. Marcos, who chairs the Senate committee on economic affairs, noted another price hike by oil companies that reached per liter increases of P1.15 for gasoline, P0.60 for diesel, and […]

Tags COVID-19, oil, petroleum products, Senator Marcos, suspension, value added tax

Politics

CREATE TASK FORCE TO MONITOR FUEL TAX HIKE – GATCHALIAN

Post author By Hazel Chua
Post date January 13, 2020
No Comments on CREATE TASK FORCE TO MONITOR FUEL TAX HIKE – GATCHALIAN

To protect consumers from premature price increases and profiteering, Senator Win Gatchalian is urging the Department of Energy (DOE) to create a task force that will closely monitor the implementation of the new round of increases in excise tax on fuel this month. Gatchalian is making the call as the third and last tranche of […]

Tags Department of Energy, DOE, DTI, excise tax, fuel tax hike, monitoring, petroleum products, Senator Gatchalian, Tax Reform for Acceleration and Inclusion (TRAIN)