The administration of president-elect Ferdinand Marcos Jr. is not looking at suspending excise taxes on fuel products any time soon.
In an interview on CNN Philippines' The Source, Bangko Sentral ng Pilipinas Governor and incoming Finance Secretary Benjamin Diokno said despite the new round of pump price hikes, it would be unwise to cut taxes on fuel. Diokno added that a targeted assistance to jeepney drivers, farmers, and fisherfolks would be more efficient than cutting taxes and the government will continue that approach.
We speak with Energy Undersecretary Gerardo Erguiza.
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