PH economic managers make ‘logical’ move on TRAIN law 34 SHARES Share it! Share TweetBy Genalyn KabilingThe country’s economic managers made a “logical” move to withdraw an earlier recommendation to suspend the second tranche of fuel excise tax next year, a Palace official said Sunday. but they made a wrong projection as oil prices began to drop],” Panelo said in a radio interview. From an average of $79 per barrel in October, oil prices are reportedly expected to further decline to below $60 per barrel in 2019. Panelo said the proposed fuel tax increase would be placed under review by the President and the Cabinet.

Source: Manila Bulletin December 02, 2018 08:37 UTC