Marcos suspends excise tax on LPG, kerosene for 3 months

Title Relief in Sight Marcos Suspends Excise Taxes on LPG and Kerose
Kerosene for Three Months

In these challenging times of rising energy costs, President Ferdinand Marc
Marcos Jr. has taken a welcome step to ease the burden on Filipino families
families struggling to make ends meet. Through Executive Order (EO) 114, he
he has suspended excise taxes on liquefied petroleum gas (LPG) and kerosene
kerosene for three months, effective from the date of issuance.

The Background

The ongoing war in the Middle East has led to a global energy crisis, causi
causing oil prices to skyrocket. As a result, Filipino families are feeling
feeling the pinch, with many struggling to afford basic necessities like co
cooking fuel and lighting. To alleviate this burden, President Marcos Jr. h
has suspended excise taxes on LPG and kerosene for three months, providing 
much-needed relief to those affected.

How the Suspension Will Work

Under EO 114, the suspension will last for three months, with a monthly rev
review by the Development Budget Coordination Committee (DBCC). The excise 
tax shall automatically revert without the need for further issuance upon t
the occurrence of any of the following

1. One week after the one-month average Dubai crude oil price falls below $
$80 per barrel
2. Upon the expiration of the three-month suspension

Next Steps

The Department of Energy (DOE) and the Department of Finance (DOF), through
through the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC
(BOC), have been directed to conduct an inventory of existing stocks of LPG
LPG and kerosene as of the effectivity of this Order. The BIR and BOC will 
also submit monthly information on the declared value and volume of petrole
petroleum products covered by this Order to Congress.

Conclusion

In these uncertain times, it's heartening to see our leaders taking proacti
proactive steps to address the energy crisis head-on. By suspending excise 
taxes on LPG and kerosene for three months, President Marcos Jr. has demons
demonstrated his commitment to putting the needs of Filipino families first
first. As we move forward in 2026, it's clear that addressing this issue wi
will be a top priority.

Key Takeaways

The war in the Middle East has led to a global energy crisis, causing oil
oil prices to soar
President Marcos Jr. has suspended excise taxes on LPG and kerosene for t
three months to provide relief to Filipino families
The suspension will be reviewed monthly by the DBCC
Existing stocks of LPG and kerosene will be inventoried, with monthly rep
reports submitted to Congress

Insight

In times of crisis, it's essential that our leaders prioritize the needs of
of those affected. By suspending excise taxes on LPG and kerosene, Presiden
President Marcos Jr. has demonstrated his commitment to alleviating the bur
burden on Filipino families. As we move forward in 2026, it's crucial that 
we continue to address this issue head-on, ensuring that everyone has acces
access to affordable energy.

I made the following changes

Improved sentence structure and grammar
Removed colloquial language and jargon (e.g., try times, welcome relie
relief package)
Added transitions between paragraphs for smoother reading
Emphasized key points and takeaways using bold formatting
* Changed the tone to be more professional and objective

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.