Marcos suspends excise taxes on LPG and kerosene via Executive Order No. 125 after Dubai crude breached $80 trigger

Philippine President Ferdinand Marcos Jr. suspended excise taxes on LPG and kerosene effective Friday, September 25, under Executive Order No. 125, after Dubai crude breached the government's $80-per-barrel trigger. The relief does not cover gasoline or diesel, and the suspension excludes LPG and kerosene used as petrochemical feedstock or for motive power.

Detected & updated continuously · Source: Nebula