A member of the House Committee on Energy has filed a measure lowering the excise tax on fuel to cushion the impact of high gasoline and diesel prices.
Occidental Mindoro Rep. Leody F. Tarriela filed the bill amid the expected price increases of diesel by P5.90 to P6.00 and gasoline by P1.10 to P1.30 per liter on Tuesday.
After the passage of RA 10963 , an excise tax was imposed on diesel: at P2.50 per liter in 2018; P4.50 in 2019; and, P6 in 2020. Excise tax on gasoline was increased to P7 in 2018, P9 in 2019 and P10 from 2020 onwards. Hence, the lawmaker said, “there is a need to arrest the continuous and drastic rises in the prices of petroleum products.” Doing so “is necessary to protect the welfare and alleviate the burden of the consuming public, still reeling from the destructive effects of the pandemic,” he added.For unleaded premium gasoline, if the price per liter is at P50 or less, the excise tax shall be at P10.
The lawmaker said this is primarily to finance the “Build, Build, Build” infrastructure program of the national government. Tarriela said the law seeks to ensure there is funding for health, education, jobs and social protection programs.
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