The leftist peasant group Kilusang Magbubukid ng Pilipinas (KMP) on Tuesday said the latest round of big-time fuel price increases would hurt low- to middle-income earners, especially farmers and fishermen who made up the country’s poorest sectors. On Tuesday, gasoline and diesel prices went up by P1.45 per liter while a liter of kerosene increased by P1.35. The cumulative fuel price increases in February alone were P6 per liter for diesel, P5 per liter for gasoline and P4 to P5 per liter for kerosene. Among them, he said, were the Tax Reform for Acceleration and Inclusion Act, oil deregulation law and the law imposing value-added tax on petroleum products. According to KMP, the effects of successive price increases were being felt most by low-income sectors.

Source: Philippine Daily Inquirer February 26, 2019 21:33 UTC