PH may lose P136-B in 2026 if excise tax suspended starting May

2026-03-09 - 08:34

MANILA, Philippines — The country could see a P136 billion decline in revenues in 2026 if the excise tax on petroleum products is removed, the Department of Finance (DOF) said at a House of Representatives hearing on Monday. Finance Undersecretary Karlo Fermin Adriano told the House committee on ways and means, which was discussing proposals to