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The government is expected to raise P20 billion and boost the country’s war chest against the pandemic following President Duterte’s order to add a 10-percent duty on crude oil and refined products. Bureau of Customs (BOC) spokesperson…
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SEAOIL Philippines, Inc. said a one-day-only promo will allow its customers to get a P5 discount for every liter of diesel or gasoline fill-up at Seaoil service stations in Del Monte, Quezon City; G. Araneta Avenue, Quezon…
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The government’s target to bring in “cheaper,” imported diesel by the end of the month will not be met, according to Energy Secretary Alfonso Cusi. Even then, Cusi said in an interview there were at least two…
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Senator Bam Aquino urged his colleagues on Monday to review the Tax Reform for Acceleration and Inclusion (Train) Law amid the country’s inflation rate shooting up to 4.3 percent in March that had Filipinos dealing with rocketing…
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Personal income tax of salary-earners has been lowered but the excise tax on a host of goods and services such as automobiles, tobacco, coal, oil products and cosmetic procedures, has been increased under the Tax Reform for…
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Petron Corp. saw its consolidated net income in the first semester surge 56 percent year-on-year to P8.2 billion this year from P5.3 billion last year, despite supply issues brought about by refinery maintenance. The oil refiner and…
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MANILA — The fuel marking system eyed for implementation starting early 2018, will allow the government to collect additional revenues of up to P43.8 billion lost to smuggling each year, according to the Department of Finance. In…
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The House of Representatives passed on third and final reading President Duterte’s comprehensive tax reform package before the 17th Congress adjourned its first regular session. Voting 246-9-1, congressmen passed House Bill 5636, also known as the Tax…
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URDANETA CITY—If you are traveling on your own vehicle to Baguio City, make sure you have enough fuel to take you down to the lowlands to refuel in Pangasinan or La Union province. This is because prices…
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Pump prices of petroleum products went up today (Tuesday) after three straight weeks of decline as the global glut was deemed to have been easing. Local oil firms raised prices as early as midnight of Tuesday, with…
