Zarate warns of voter ‘hit-back’ amid second round of fuel excise tax 115 SHARES Share it! “When oil prices in the international market begins to increase due to heightened demand and reduced production then oil prices in the country would again jack up. The law imposed a P3 per liter excise tax on fuel this year. Former congressman Neri Colmenares, chairman of Bayan Muna, said the second tranche of fuel excise tax would be a burden to Filipinos. “In this light, we urge the Department of Finance (DOF) to continue with their earlier plan to suspend the second round of oil tax hikes scheduled for 2019,” the former solon added.

Source: Manila Bulletin December 30, 2018 11:48 UTC