Marcos yet to decide on fuel excise tax suspension – Palace

MANILA, Philippines — President Ferdinand Marcos Jr. has yet to decide whether to suspend or reduce the excise tax on fuel even as Dubai crude oil prices reached the $80-per-barrel threshold for considering such a measure. Presidential Communications Office Undersecretary Claire Castro said on Wednesday that the Development Budget Coordination Committee (DBCC) had yet to submit its final evaluation or recommendation on the possible fuel tax adjustment. The issue is expected to be discussed during the 11th Economy and Development Council meeting in Malacañang on Wednesday, where transportation concerns were also on the agenda, she added. “Once the recommendation is there, […]... Keep on reading: Marcos yet to decide on fuel excise tax suspension – Palace