Marcos suspends excise taxes on LPG and kerosene in relief move

President Ferdinand Marcos Jr. signed Executive Order No. 125 on Friday, implementing a temporary suspension of excise taxes on liquefied petroleum gas and kerosene, two essential fuel commodities widely used across Philippine households and industries.

The executive order exempts LPG used as raw material in petrochemical production and for motive power applications from the tax suspension. Similarly, kerosene designated for aviation fuel purposes remains subject to existing excise levies, according to the measure.

The suspension addresses mounting pressure on household budgets as Filipinos continue to grapple with energy costs. LPG serves as a primary cooking fuel for millions of families nationwide, while kerosene remains important for lighting and heating in areas without reliable electricity access.

The duration of the tax suspension was not immediately specified in available details of the executive order. The move reflects the administration's effort to provide relief on essential commodities as it navigates broader economic policy objectives.