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Some 444 retail outlets of various oil firms have already imposed the price adjustment for the second tranche of the excise tax of the Tax Reform for Acceleration and Inclusion (TRAIN) Law. As of January 10, the Department of Energy (DOE), through its Oil Industry Management Bureau (OIMB) has received …

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The Department of Energy (DOE) has released its guidelines on the second tranche of excise tax hike on fuel products so that it “will be correctly implemented.” According to DOE Undersecretary Felix William Fuentebella, the government is requiring oil companies to submit operations report on a daily, monthly, and annual …

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It looks like we only have until this month to enjoy the happy days of the oil price rollback—now on its eight week this week–as President Rodrigo Duterte has reportedly approved the implementation of the PHP2-per-liter fuel excise tax hike scheduled to take effect by January 2019. According to Presidential …

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