Excise Tax on LPG, Kerosene Suspended

Marcos suspends LPG, kerosene excise taxes for 3 months

President Ferdinand Marcos Jr. has approved a three-month suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene to cushion the impact of rising fuel prices on Filipino households.

Excise tax on LPG, kerosene suspended

(UPDATE) PRESIDENT Ferdinand Marcos Jr. ordered the excise taxes on liquefied petroleum gas (LPG) and kerosene suspended for three months to help ease the financial burden of households in the face of the energy emergency driven by the war in the Middle East.The president, through Executive Secretary Ralph Recto, issued Executive Order (EO) 114 on April 16, temporarily suspending the excise taxes on LPG and kerosene.The suspension will be subjec…