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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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As oil companies implemented a price hike today, January 8, from PHP0.40 per liter for kerosene to as much as PHP0.80 per liter for gasoline, they cautioned the public that the increase still does not reflect the second tranche of the Tax Reform for Acceleration and Inclusion (TRAIN) Law. As …

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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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As the year 2018 draws to a close today, the government looks back at the first year of the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law. Part of the TRAIN Law cut workers’ tax rates and increased the level of tax-free annual income to PHP250,000, giving …

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With the second tranche of the looming oil excise tax just days away, Senator Win Gatchalian wants the Department of Trade and Industry (DTI) and the Department of Energy (DOE) to form a joint task force that will guard against individuals and organizations that seek to profit from it by …

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The Department of Energy (DOE) is prepared to implement the second increase in oil excise taxes next year, which is called for under the Tax Reform for Acceleration and Inclusion (TRAIN) law. “The DOE, in coordination with the Bureau of Customs and Bureau of Internal Revenue, is ready to implement …

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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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The scheduled increase on fuel tax based on the effects of the Tax Reform for Acceleration and Inclusion (TRAIN) Law is eyed to be countered as soon the proposal at the Senate is approved into law. Senator Joel Villanueva filed Senate Bill (SB) 2014 to reverse the TRAIN LAw or …

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President Rodrigo Duterte is set to announce the suspension of the scheduled oil excise tax hike for 2019, as crude oil prices in the international market have reached critical levels. “Today’s price and multiple estimates of crude prices over the next two months show that the average price will stay …

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Jeepney

The Land Transportation Franchising and Regulatory Board (LTFRB) will resume the distribution of the Pantawid Pasada fuel subsidy cards to jeepney drivers and operators starting today, August 7. In a statement it released yesterday, August 6, the agency said the distribution will resume on Tuesday, August 7 until Saturday, August …

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Jeepney

The government launched on Wednesday its fuel subsidy program for public utility jeepney (PUJ) operators and drivers to mitigate the impact of recent oil price hikes and higher excise taxes due to the Tax Reform for Acceleration and Inclusion (TRAIN) law. The Department of Transportation, Land Transportation Franchising and Regulatory …

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President Rodrigo R. Duterte has laid out three directives to concerned government agencies in an effort to cushion the impact of oil price hikes on Filipinos, Presidential spokesperson Harry Roque said on Saturday. Roque made this remark amid the soaring oil prices in the world market. “Our president is not …

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Operators of modern public utility jeepneys (PUJs) have filed a petition before the Land Transportation Franchising and Regulatory Board (LTFRB) seeking for a PHP2 fare hike and a PHP1 “surge price” during rush hours amid the recent hikes in oil prices. The operators who are plying routes in Marikina and …

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