Marcos temporarily suspends excise taxes on LPG and kerosene

MANILA, Philippines —President Ferdinand Marcos Jr. on Friday issued Executive Order No. 125, which temporarily suspends the excise taxes on liquefied petroleum gas and kerosene. “The excise taxes on LPG, except when used as raw material for production of petrochemical products or used for motive power, and kerosene, except when used as aviation fuel, are