Taxes
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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…
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Cut fuel taxes to help control inflation — PISTON
As oil companies implement hefty oil price hikes today, with gasoline prices reaching up to P68/liter and diesel prices up to P72/liter, transport group PISTON warns of worse inflation if oil prices continue to surge and if the national government will remain deaf on calls to urgently lower oil prices by suspending fuel value-added tax…
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P1 oil price rollback not enough to brace drivers for soaring inflation — PISTON
Despite the P0.35 – P1.10 / liter rollback this week, fuel prices remain high and damaging for ordinary drivers and consumers, said transport group PISTON. The group also said that without clear economic solutions from the government, the volatile price of oil that remains highly unregulated will only continue to aggravate the already grave economic…