Senate wants to suspend excise tax, return to 2017 fuel rates

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by Drei Laurel | Oct 10, 2018
PHOTO: Drei Laurel

Could the country's fuel price woes be coming to an end? If a new resolution filed in the Philippine Senate pushes through, they just might.

Minority Floor Leader Franklin Drilon and Senators Francis Pangilinan, Bam Aquino, Risa Hontiveros, Antonio Trillanes, and Leila de Lima submitted Senate Joint Resolution No. 15 earlier today, emphasizing the need for Congress to lessen the burden of rising fuel prices on Filipinos by suspending the Tax Reform for Acceleration and Inclusion Law's (TRAIN) excise tax increase on fuel products.

"We are hopeful that the Senate will take a unified stance on suspending the excise tax on fuel for the millions of Filipinos burdened with the rising prices of goods," the minority senators said in a statement.

This comes following reports of President Duterte saying the government would look into suspending the excise tax on fuel.

"Napilitan na ang Pangulo na pag-isipan ito. Ipahayag na natin agad-agad na suportado ng Senado ang pagtigil ng excise tax sa petrolyo," the senators said. "Halos isang taon na naghihirap ang mga pamilya sa krisis natin sa presyo. Kailangan na natin ito pagtulungan at trabahuin."

The senators also pointed out that since the TRAIN Law went into effect on January 1, 2018, gasoline has gone up by up to P10.50 per liter, diesel by P12, and kerosene by P14.12.

"Magkaisa sana ang Senado para bigyan ng ginhawa ang mga Pilipino," they added.

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PHOTO: Drei Laurel
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