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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104,619 results for “Philippines oil prices inflation”
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.
Philippine inflation eased to 6.1 percent in August, but rice prices accelerated and flooding could affect vegetable prices in the coming months.
Rising risks from an upcoming El Niño season, higher energy costs, and global supply shocks could keep Philippine inflation elevated, as economists warn that…
President Ferdinand Marcos Jr. has directed measures to lower rice prices in the Philippines as inflation rises to 7.6 percent, with officials attributing food…
President Ferdinand Marcos Jr. orders Agriculture Secretary Francis Tiu Laurel to use swift, legal measures to lower rice prices amid rising inflation driven…
DEPDev warns of potential inflation surge to 14.3% due to rising global oil prices, threatening economic growth in the Philippines. Secretary Arsenio Balisacan…
Senator Sherwin Gatchalian warns rising fuel prices may drive inflation and food costs, urges monitoring before declaring a national emergency.
Rising oil prices from the Middle East conflict could push Philippine inflation to 4 percent as early as April, limiting the Bangko Sentral ng Pilipinas’ room…
PSA Western Visayas said the increase was largely fueled by rising prices of food and non-alcoholic beverages.
The Philippine Statistics Authority said cheaper food and transport costs helped offset higher prices in housing, electricity, and utilities. Food inflation…
Economists project May inflation in the Philippines at 1.2 to 1.4 percent, supported by cheaper rice, lower fuel prices, and a stronger peso. Full-year…
Marcos caps rice prices in Philippines inflation fight