LPG, kerosene excise tax relief gnaws on customs collections

Duties and taxes collected by the Bureau of Customs (BOC) on kerosene and liquefied petroleum gas (LPG) imports plunged by nearly 90 percent in the week following the suspension of excise taxes on these oil products. A BOC oil monitoring document seen by the Inquirer showed that for the April 27 to May 3 period,