Sen. Grace Poe-Llamanzares, who will again chair the chamber’s Public Services Committee, said a suspension of fuel excise tax to lower pump prices will not just benefit public transport drivers and delivery riders but also prompt more economic activities.
PHILIPPINE STAR/ EDD GUMBANs Public Services Committee, said a suspension of fuel excise tax to lower pump prices will not just benefit public transport drivers and delivery riders but also prompt more economic activities.
The Bangko Sentral ng Pilipinas has said it expects the price of Dubai crude to average about $106.30 a barrel this year from the $104.04 estimate in May. “If the government can afford to lose P251 billion to benefit big companies under the Corporate Recovery and Tax Incentives for Enterprises Act in the first two years, why can’t it do the same for our public utility drivers, delivery riders and ordinary workers who bear the brunt of higher transport costs?” she said.
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