MANILA - Energy Secretary Alfonso Cusi on Wednesday urged lawmakers to give his department the authority to suspend excise tax on fuel as oil prices continue to rise.
"Just like when the Bayanihan Law was passed there was a provision to suspend the implementation of excise tax kung papalo po ng 80 dollars per barrel sa world market," he told ANC's Headstart. "In fairness to industry players we have asked them to grant discount to public transport some of them are giving P3 or P1 per liter. Nagtutulungan naman po ang private sector and government to alleviate the situation," he said.
Yes. You need to retract the fuel tax as the prices continuously increase in big increments. Paging the safety nets of the provisions. This will help save our economy to recover.
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