President Ferdinand R. Marcos Jr. ordered the suspension of excise tax on liquefied petroleum gas (LPG) and kerosene to help lower household energy costs, while maintaining the current value-added tax (VAT) on petroleum products for revenue funding.
The suspension is expected to reduce LPG prices by about P37 per tank and kerosene by P5.65 per liter, with further discussions set on possible adjustments for diesel and gasoline.
Marcos said government revenues from VAT will be used to fund subsidies and aid programs, though he left open the possibility of future reviews depending on economic conditions.
He also warned against fuel hoarding and praised private sector support efforts amid global oil price pressures.
Meanwhile, authorities reported the arrest of individuals in Albay for allegedly misdeclaring and illegally transporting thousands of liters of petroleum products.
Source: PhilNews24 | April 14, 2026
