Marcos suspends excise tax on LPG, kerosene

Marcos suspends excise tax on LPG, kerosene

President Ferdinand Marcos Jr. on Monday suspended the excise tax on liquified petroleum gas (LPG) and kerosene to help the public cope with the rising prices of petroleum products. In a press briefing in Malacañang, Marcos said the cost of LPG will be cut by P3.36 per kilogram and kerosene by P5.60 per liter. The tax cuts would take effect on April 14.

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