MANILA (Philippine Daily Inquirer/Asia News Network): The Department of Finance is not recommending the suspension of excise tax on fuel products despite rising prices, saying the government should instead provide P200 per month per household for one year to poor families.
Finance Secretary Carlos Dominguez III (pic) on Wednesday (March 16) said this is a more equitable response to the spate of oil price increases than suspending excise tax on fuel, which would only benefit “richer people” who have cars.
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