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PhilStar Business

DOF backs excise tax relief on LPG, kerosene, but not diesel or gasoline

Finance Secretary Frederick Go says broader relief could cost P12 billion a month in lost revenue.

Context & Analysis

The selective excise-tax move signals a familiar Philippine trade-off: protect household energy costs without reopening a large fiscal hole while the government is still managing debt service, interest rates, and competing spending priorities. Fuel excises are a major source of revenue and a common lever when policymakers try to balance inflation, energy affordability, and fiscal space. LPG and kerosene are narrower consumption items than diesel and gasoline. For many Filipino households, especially renters and low-income families, cooking gas is a monthly expense that directly affects food budgets. Kerosene remains relevant for lighting in areas where grid power is unreliable or too expensive, though its footprint is smaller than motor fuels.

Businesses also feel the difference. Restaurants, small processors, laundry shops, hotels, and some industrial users depend on LPG as a controllable input cost. A tax break there can ease pricing pressure without creating a broad incentive to increase fuel consumption. Diesel and gasoline are different: they sit at the center of logistics, commuting, construction, agriculture, and transport services. Relief on those products would likely pass through more quickly into freight costs, public-transport fares, and consumer prices, but it would also be harder to target because every road trip, delivery run, or generator hour benefits from lower fuel costs.

For Philippine enterprises, the key question is whether the LPG and kerosene relief is enough to soften energy costs without leaving transport-dependent sectors exposed. If diesel and gasoline do not receive similar relief, trucking firms, manufacturers, and agribusinesses may still face squeezed margins, particularly if crude oil prices or exchange-rate moves push pump prices higher. That could limit the broader inflation benefit.

What to watch is how long the relief lasts, whether it is tied to a specific crisis window, and whether Congress or the DOF will revisit the scope if fuel prices rise further. The government may also look at targeted subsidies, utility cost measures, or distribution-level support as alternatives to broad tax cuts. For businesses, the practical takeaway is that energy costs are being treated as a partial relief area, not a wholesale correction, and planning should assume mixed pressure: cheaper cooking gas for some operations, but still elevated transport and logistics costs.

Analysis by IJE Software — original commentary on the story above.

This is an excerpt. Read the full article at the original source:

Source: philstar.com

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