Excise Tax
-
Jeepney drivers buckle under soaring oil prices as Marcos Jr pampers billionaires with tax breaks — PISTON
PISTON said the relentless surge in oil prices continues to put significant financial burden on jeepney drivers, with estimates suggesting a loss of about Php 5,000 since October due to the skyrocketing fuel costs. Diesel prices have surged by Php 7.25 since the beginning of October, with the latest big-time increase reaching Php 2.10 per…
-
PISTON calls for Marcos Jr gov’t to take substantial action on OPH amidst OPEC production cuts
As oil firms have implemented another large hike in fuel prices today, transport group PISTON has called on the Marcos Jr government to urgently take action by implementing policy reforms such as fuel excise tax and VAT suspension, and oil industry regulation instead of downplaying the effects of cuts in global crude oil production. Starting…