OIL PRICE WATCH as of March 27, 2026

2026-03-27 - 01:50

MANILA, Philippines — President Ferdinand Marcos Jr. may decide by April 12 or 13 whether to suspend or reduce the excise tax on petroleum products, a move aimed at easing the impact of rising oil prices driven by the Middle East crisis, the Department of Finance (DOF) said Thursday. Business groups have welcomed the new