FOLLOWING another round of oil price hikes, the chairman of the House Committee on Economic Affairs on Wednesday renewed the call to suspend the excise tax on petroleum products.
The solon said the net year-to-date price hike is still P15 per liter for gasoline, P25.65 per liter for diesel and P21.10 per liter for kerosene. “For example, Holy Week is historically a peak period for domestic travel in the Philippines and we had so many local travellers,” Garin further said. “The easing of travel requirements has led to great feedbacks for local tourism as more Filipinos took advantage and travelled home to their provinces or visiting tourist destinations and beaches in the country.”
“Actually, the suspension of excise tax on fuel will not only benefit private car owners and PUV drivers but will translate to benefits for other industries which are highly reliant on fuel and transportation such as the agriculture and tourism industry,” Garin said.
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