The Philippines temporarily suspended excise duties on petroleum products used for cooking, the presidential palace said, as it struggles to deal with soaring fuel costs from the Iran war, AFP reports.
The temporary suspension covers liquefied petroleum gas (LPG), the country’s main fuel for cooking, as well as kerosene, according to an executive order.
“The excise taxes on LPG, except when used as a raw material for production of petrochemical products or used for motive power, and kerosene, except when used as aviation fuel, are hereby fully suspended,” it said.
