The IMF backed the Philippines’ LPG and kerosene excise tax suspension but warned against extending the tax break to gasoline amid revenue concerns. Read more »
Jeepney fares increased on Sept. 28 as Manibela began a three-day strike over rising fuel prices, with PISTON set to strike on Sept. 29–30. Read more »
The ADB approved a $1.5-billion loan to help the Philippines fund fuel subsidies, fare discounts, cash aid and other support amid the Middle East conflict. Read more »
Travelers taking ferries from Cebu to several destinations in the Visayas and Mindanao will have to set aside more for transportation as OceanJet introduces a 10-percent fuel surcharge amid higher global oil prices. Read more »
The government is moving to ease the impact of rising fuel prices after Finance Secretary Frederick Go signed a resolution seeking the suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene. Read more »
Electricity consumers may soon get some relief on their power bills after the Bureau of Internal Revenue (BIR) removed the 12% value-added tax (VAT) on allowable system loss charges. Read more »
