SEN. POE SEEKS SUSPENSION OF EXCISE TAXES ON FUEL
To help Filipinos affected by the impact of the administration's tax reform program, Senator Grace Poe urges the Department of Finance (DOF) and other concerned government agencies to study the proposed suspension of excise taxes on fuel.
Poe, who chairs the Senate committee on public services, made the recommendation after hearing the sentiments of the public in Iloilo City.
During the hearing, consumer groups in Panay have blamed the effects of TRAIN Law being aggravated by increasing fuel costs as the culprit of higher commodity prices.
Since the law’s implementation in January this year, average price increase has been P8.07 per liter for gasoline, P8.95 for diesel and P9.15 per liter of kerosene.