Government to fairly implement 10 percent tax on oil products

The government will fairly implement the levy on oil and imported oil products after President Rodrigo R. Duterte signed Executive Order No. 113 that aims to temporarily impose 10 percent tax on imported oil.

Department of Energy (DOE) Secretary Alfonso Cusi tasked the Oil Industry Management Bureau to inform oil companies of the executive order. Said tax will increase to Php 1.50 to Php 1.60 per liter due to the EO.

-PTV News

Popular

OCTA: 66% of adult Filipinos back PBBM admin response to WPS dispute

By Ma. Cristina Arayata | Philippine News Agency A recent OCTA Research survey showed that majority (66%) of adult Filipinos support the Marcos administration's response...

Cabinet approves proposed 2027 National Expenditure Program

By Ruth Abbey Gita-Carlos | Philippine News Agency The Cabinet on Friday approved the proposed 2027 National Expenditure Program (NEP) presented by the Department of...

New CabSec Abalos vows to bring gov’t services closer to Filipinos

By Brian Campued Marking his first public appearance after being appointed by President Ferdinand R. Marcos Jr. on Wednesday, newly installed Cabinet Secretary Benhur Abalos...

Palace: Abalos’ CabSec role redefined to boost gov’t service delivery

By Ruth Abbey Gita-Carlos | Philippine News Agency President Ferdinand R. Marcos Jr. has exercised his “plenary power” to appoint Cabinet Secretary Benhur Abalos Jr.,...