Philippines suspends LPG, kerosene excise over Mideast war
A man stands beside liquefied petroleum gas (LPG) canisters at a store in Manila on Apr 7, 2026. (Photo: AFP/Jam Sta Rosa)
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
MANILA: The Philippines temporarily suspended excise duties on petroleum products used for cooking, the presidential palace said on Friday (Sep 25), as it struggles to deal with soaring fuel costs from the Middle East war.
The temporary suspension covers liquefied petroleum gas (LPG), the country’s main fuel for cooking, as well as kerosene, according to an executive order released to the media on Friday.
“The excise taxes on LPG, except when used as a raw material for production of petrochemical products or used for motive power, and kerosene, except when used as aviation fuel, are hereby fully suspended,” it said.
The cut translates to a reduction of about three pesos (about five US cents) per kilogram of LPG.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
The excise cut followed a threat by bus operators to hold a two-day nationwide transport strike next week to press the government to let them raise fares, which are state-regulated.
Fuel prices in the Philippines are unregulated, unlike neighbours including Indonesia, Malaysia and Thailand, leaving local transport firms to deal with market fluctuations.
Philippine President Ferdinand Marcos said the tax would automatically revert after three months, or a week after the one-month average Dubai crude oil price falls below US$80 per barrel.
He said the average crude oil price over the 30 days to Sep 11 had reached US$99.41.
The import-dependent Philippines declared a national energy emergency in March and has been forced to cast an ever-wider net for fuel, including purchases of oil from Russia.
The war in the Middle East and high inflation trimmed the Philippines’ economic growth in the first half to 2.6 per cent, well below government targets.
Source: AFP/ec
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
