Summary

President Marcos has suspended an excise tax on cooking gas used by most Filipino households, a decision aimed at curbing rising prices while maintaining energy security. However, regarding gasoline, the administration has remained silent on the specific tax implications. This policy shift is being contrasted with broader national efforts to combat the rising oil crisis, which continues to challenge market prices and disrupt supply chains across the Philippines.

The upcoming transport strike and lack of storm support are expected to disrupt logistics, impacting the local economy and freight services. These disruptions will force businesses to find alternative fuel sources or adjust their operational schedules to cope with the changing global oil market conditions.

Despite these challenges, economic data indicates a potential recovery with 158 malls saving over P200 million annually from power costs and the anticipated growth in agriculture sectors following tariff adjustments. However, the administration faces political and public scrutiny over the nature of subsidies and taxes, with opponents emphasizing the need for zero waste initiatives.

Title

Philstar.com | Latest Philippine news and multimedia

Description

Digital portal of the STAR Group of Publications: Delivers the latest news and views, multimedia, analyses and in-depth reports on the Philippines, sports, business, entertainment, lifestyle and culture.

Keywords

hours, more, headlines, opinion, business, excise, home, articles, news, sports, days, latest, entertainment, lifestyle, nation, cebu, hour

NS Lookup

A 104.20.36.214, A 172.66.170.10

Dates

Created 2026-03-14

Updated 2026-04-13

Summarized 2026-04-14