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Transport group calls for removal of VAT, excise tax on fuel products amid Middle East tensions

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Transcript
00:00Motorists are finding their own ways to cut expenses following the big-time oil price hike caused by tensions in
00:06the Middle East.
00:06At the same time, an economist has suggested strengthening the digitalization of government services to help reduce traffic and the
00:14public's fuel consumption.
00:15Bernard Ferrer tells us more.
00:19Limuel is now working double-time.
00:21Earlier this morning, he filled up his jeepney with diesel at a gas station along Commonwealth Avenue in Quezon Satie.
00:30300, eh, nakadalawa kong biyahe. Wala na naman. Gaganyan na lang ang diesel ko, kaunting-kaunting na.
00:38According to Limuel, he tried to look for other gas stations offering cheaper diesel, but some of the stations he
00:44went to were still closed.
00:46He is also hoping that once the government releases fuel subsidy, drivers like him, not just their operators, will receive
00:52assistance.
00:54Meanwhile, Jean Paul is stretching his budget for gasoline.
00:57Because of the price increase, he is now trying to cut back on expenses.
01:02Paling budget ko lang talaga sa toto, toosin, 120 lang pa rato, eh.
01:05Oo, eh ngayon?
01:06Eh, ewan ko kung abutin pa ng dalawang litro to, eh.
01:10Jean Paul shared that while he used to buy coffee regularly, he now adds death money to his fuel budget
01:17instead.
01:18At a gasoline station along Commonwealth Avenue, diesel is now priced at 69.50 centavos per liter.
01:23Regular gasoline costs 60.90 centavos per liter, while premium gasoline is priced at 67.18 centavos per liter.
01:31The transport group Pistone is calling for the removal of VAT and excise tax on oil to ease the burden
01:36of public transport drivers and operators.
01:38If their request is granted, the group said they may no longer pursue filing a petition for a fair increase.
01:44According to economists, addressing the impact of the Middle East tensions is not solely the responsibility of the government.
01:51The private sector must also cooperate, especially in mitigating the effects of rising fuel prices.
01:56Government should guide the private sector, encourage them to do their contingency planning.
02:04One of which is, kung pwedeng hybrid lang work, mag-hybrid sa private sector.
02:10Instead na mag-meeting sa isang pisina, baka naman pwedeng video teleconferences na.
02:17The economists also suggested, strengthening the digitalization of government services to help reduce traffic congestion and lower fuel consumption among
02:25the public.
02:26Bernard Ferrer, from the National TV Network for New and Better Philippines.
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