BOC: Gov’t should be ‘creative’ if excise tax on fuel suspended

2026-03-10 - 09:15

MANILA, Philippines — Bureau of Customs (BOC) Commissioner Ariel Nepomuceno said the government should be “creative” with its sources of funds if the excise tax on petroleum products is suspended amid fuel price increases brought by the Middle East conflict. Although he could not immediately provide exact estimates of how much revenue would be lost if the