TRAIN Law on Fuel Prices to be Carried Out Fairly-DoE
While the effects of the implementation of the second tranche of the Tax Reform for Acceleration and Inclusion (TRAIN) Law for petroleum products has yet to be felt, the Department of Energy (DOE) yesterday assured the public it has taken measures to prevent abuse and ensure fair and effective implementation of the taxation scheme.
Based on the law, the second tranche is set to be implemented since the start of the year.
Energy Secretary Alfonso Cusi said in a statement that they are “mandated to ensure that the pricing of oil products is carried out within the parameters of the TRAIN Law.”
According to him, they have made discussions with stakeholders, especially oil firms, during the implementation of the first tranche last year and they will continue to coordinate with them over the process of carrying out the second tranche.
He also noted that the agency will be even more vigilant in monitoring the implementation of the second tranche of the TRAIN Law for petroleum products.
“We will ensure the fuel stocks for 2018 will be utilized first and sold at the pre-implementation prices,” Cusi said.
As a result of its stringent monitoring operation, the DOE has already asked several gas stations to explain why they implemented fuel price hikes as early as January 2.
The department explained that under the second tranche of TRAIN Law's implementation, an additional excise tax of P2.00 will be imposed per liter of diesel and gasoline, and P1.00 per kilogram on Household LPG. There will also be an additional 12 percent value added tax, which totals to P2.24 for both diesel and gasoline, and P1.12 for LPG.
However, the DOE pointed out that the increase in pump prices of petroleum products resulting from the imposition of the second tranche of fuel excise tax will still be smaller.
This is due to the offsetting effect of the rollbacks implemented in 2018 and January 2019.
While there is an uptick in the price of oil in the world market, Cusi pointed out that industry forecasts do not see crude oil prices hitting record high prices, such as in October 2018 when Brent crude oil price breached the USD80 per barrel level.
“If the trend continues, we do not expect it to have as much impact on fuel prices as it did last year. Besides, we can cushion the effect of any new oil price increases by becoming more efficient in our use of energy,” he said.
Through its E-Power Mo movement, the DOE has been providing the public with tips for an energy-efficient lifestyle, particularly in the use of fuel and electricity.
Cusi was also quoted in the statement that such small sacrifices will benefit the country.
"We might have to spend a little more, but that little sacrifice would translate to huge benefits for the country,” the energy chief emphasized.
“Let us remember that the revenues from TRAIN will fund important programs, such as free education, increase in the salaries of our public school teachers, as well as crucial infrastructures under the ‘Build, Build, Build program. All these would sustain our economic growth towards Ambisyon 2040 by providing more jobs and livelihood opportunities for our people,” Cusi concluded.
Share this article
Featured Articles
- Latest
- Popular
-
Geely EX5 EM-i debut set for Q1 2026Ruben Manahan IV . Jan 29, 2026
-
-
-
CAMPI gets a new presidentRuben Manahan IV . Jan 27, 2026
-
Isuzu PH gains truck sales Triple Crown for 2025Ruben Manahan IV . Jan 27, 2026
-
-
-
Geely EX5 EM-i debut set for Q1 2026Ruben Manahan IV . Jan 29, 2026
-
-
-
CAMPI gets a new presidentRuben Manahan IV . Jan 27, 2026
-
Isuzu PH gains truck sales Triple Crown for 2025Ruben Manahan IV . Jan 27, 2026
Recommended Articles For You
-
-
-
CAMPI gets a new presidentRuben Manahan IV . Jan 27, 2026
-
-
-
Continental Tires brings UltraContact UX7 to PHPaulo Papa . Jan 22, 2026
Featured Cars
- Latest
- Upcoming
- Popular
Car Articles From Zigwheels
- News
- Article Feature
- Advisory Stories
- Road Test
-
Jaecoo J5 HEV enters PH; preview set for Q1Ruben Manahan IV . Jan 30, 2026
-
Here’s how Toyota Motor PH ended 2025Ruben Manahan IV . Jan 29, 2026
-
VinFast revises battery subscription program for PH marketRuben Manahan IV . Jan 29, 2026
-
Kia PH sells nearly 8k units in 2025Cesar Miguel . Jan 29, 2026
-
Geely PH to launch EX5- EM-i within Q1 2026Ruben Manahan IV . Jan 29, 2026
-
A close look into GWM’s facilities in ChinaCesar Miguel . Jan 27, 2026
-
VinFast V7: 4 reasons to buyCesar Miguel . Jan 23, 2026
-
New year, new ride: Next-gen Nissan NavaraCesar Miguel . Jan 21, 2026
-
New year, new ride: Aito M8Paulo Papa . Jan 16, 2026
-
New year, new ride: Mitsubishi Montero SportPaulo Papa . Jan 16, 2026
-
Avoid road trip horror stories this 'Undas' with these tipsRuben Manahan IV . Oct 20, 2025
-
Here are ways to avoid road ragePaulo Papa . Sep 23, 2025
-
How well do you understand traffic signs?Cesar Miguel . Sep 09, 2025
-
How car collectors can take advantage of Liqui Moly productsRuben Manahan IV . Sep 08, 2025
-
Do you still need to wash your car after it rains?Cesar Miguel . Jun 12, 2025
-
Ford Ranger Raptor V6: off-road conqueror is a decent daily driverCesar Miguel . Jan 07, 2026
-
ELECTRIA: Changan Hunter 4x4 Knight is crushing stigma around pickup trucksRuben Manahan IV . Jan 02, 2026
-
First drive: Radar RD6 EconCesar Miguel . Dec 02, 2025
-
Changan Nevo Q05: efficiently speedyCesar Miguel . Nov 25, 2025
-
ELECTRIA: VinFast VF 3 - When simplicity just worksCesar Miguel . Nov 24, 2025
