Some senators rejected Friday the plan of President Rodrigo Duterte’s economic managers to proceed with the second tranche of oil excise tax hike set on January 2019 as mandated under the Tax Reform for Acceleration and Inclusion (TRAIN) law. Dapat lang na gumalaw rin pababa ang mga presyo ng bilihin sabay sa paggalaw ng presyo ng petrolyo,” he said in a text message. In a Thursday briefing, Finance Secretary Carlos G. Dominguez III bared the DBCC’s plan to recommend to Malacañang to push through with the P2 per liter fuel excise tax hike scheduled in January, due to easing prices of international crude. READ: Fuel tax hike suspension recalledThis came weeks after Malacañang has notified the administration’s economic managers that their proposal to suspend the hike in excise tax next year had been approved. READ: Palace confirms suspension of oil excise tax hikeADVERTISEMENT/kgaRead Next

Source: Philippine Daily Inquirer November 30, 2018 04:30 UTC