MANILA, Philippines — The government will put the implementation of a second tranche of fuel excise taxes in January 2019 on hold, presidential aide Bong Go announced Sunday. READ: Fuel tax suspension seen in January 2019Under the law, the excise tax on fuel products is supposed go up another P2 per liter next year. Finance Assistant Secretary Tony Lambino also said earlier in the week that suspension of the excise tax on fuel would need action from Congress. So if we suspend based on the mechanism that is in the TRAIN Law, then that can be automatic. RELATED: DOF: Inflation to remain high even if fuel excise tax suspended

Source: Philippine Star October 14, 2018 03:40 UTC