Philippine President Ferdinand Marcos Jr. said the government will lower excise taxes on key household fuels to help ease pressure from rising energy costs linked to the ongoing Middle East conflict, Jakarta Post reported citing his news conference.
He said duties on liquefied petroleum gas and kerosene will be lowered starting Tuesday, with cuts of 3.36 Philippine pesos per kilogram and 5.60 pesos per liter respectively, targeting fuels widely used for cooking and basic household needs, according to the report.
Marcos added that further policy options, including possible adjustments to gasoline and diesel taxes, will be reviewed by a government crisis committee as the country continues to face higher import-driven fuel prices due to global supply disruptions, the news outlet reported.
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