BIR suspends excise taxes on LPG and kerosene amid high crude oil prices
BIR issued RMC 100-2026 implementing tax suspensions on LPG and kerosene after Dubai crude prices exceeded the $80 threshold under EO 125.
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32,093 results for “DOE oil price advisory”
BIR issued RMC 100-2026 implementing tax suspensions on LPG and kerosene after Dubai crude prices exceeded the $80 threshold under EO 125.
The DoE has triggered the process for possible petroleum excise tax relief after Dubai crude averaged $99.41 per barrel, above the $80 legal threshold.
The retreat came amid renewed concern over surging global oil prices and their impact on inflation, particularly after Brent crude broke above $100 a barrel as…
Government plans to spend more than P7 billion to reduce non-technical power losses from theft, faulty meters and weak collections at electric cooperatives.
The Department of Energy is pushing for fines of up to P500,000 and up to two years in jail for petroleum hoarders amid global oil price disruptions from the…
Motorists face mixed fuel price changes as the DOE shifts from strict controls to a flexible price range, allowing oil firms to adjust gasoline, diesel and…
Oil firms have confirmed that diesel will post the biggest reduction at P24.94 per liter, pulling pump prices down to an estimated range of P80.06 to P111.76…
DOE clarifies that fuel price adjustments reflect global market timing and inventory costs, not instant profits, amid scrutiny over pump price movements.
Shell will implement the highest rollback among oil companies, cutting gasoline prices by P6.50 per liter, kerosene by P11.50 per liter, and diesel by P23 per…
Bayan Muna supports DOE directive to unbundle fuel prices, citing need for transparency amid oil volatility; calls for repeal of Oil Deregulation Law.
DOE Secretary Sharon Garin says fuel prices in the Philippines may no longer return to P60 per liter due to lasting damage from the Middle East conflict,…
The Department of Energy says suspending fuel excise taxes in the Philippines will not bring immediate relief at the pump, as current fuel stocks are already…
High fuel prices in the Philippines are likely to persist as Middle East conflict disrupts global oil supply, the DOE warns. Learn how prolonged price hikes…
Senator Sherwin Gatchalian urges DoE and DTI to consider an LPG price cap amid projected P35–P40 per 11-kg cylinder hike due to the Middle East crisis, while…
Malacañang says DOE will issue show-cause orders to 54 gas stations as President Marcos seeks emergency powers from Congress amid looming fuel price hikes.