“Any suspension of the increase in excise tax shall not result in any reduction of the excise tax being imposed at the time of the suspension,” a portion of the section read. TRAIN amendment pushedThe DOE also wants the TRAIN law amended to allow the suspension of the second round hike of excise tax on fuel scheduled for next year. Current fuel prices have gone up beyond the agency’s expectations, the DOE official said. In light of the continued increase in fuel prices, the DOE conducted an emergency meeting with oil companies yesterday. The Kilusang Mayo Uno (KMU) said the Duterte administration must immediately revoke the TRAIN law and take measures to dismantle cartels.

Source: Philippine Star October 02, 2018 15:45 UTC