$80 oil trigger breached, opening door to fuel tax…
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$80 oil trigger breached, opening door to fuel tax suspension
The Department of Energy has formally certified that Dubai crude breached the $80-per-barrel threshold that allows President Ferdinand Marcos Jr. to suspend or reduce excise taxes on petroleum products, clearing a key legal requirement for another round of fuel tax relief.
Read: https://www.philstar.com/business/2026/09/15/2556460/80-oil-trigger-breached-opening-door-fuel-tax-suspension
#ph #news #philippines #pinoy
The Department of Energy has formally certified that Dubai crude breached the $80-per-barrel threshold that allows President Ferdinand Marcos Jr. to suspend or reduce excise taxes on petroleum products, clearing a key legal requirement for another round of fuel tax relief.
Read: https://www.philstar.com/business/2026/09/15/2556460/80-oil-trigger-breached-opening-door-fuel-tax-suspension
#ph #news #philippines #pinoy
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