The Department of Energy (DOE) will require oil companies to submit monthly data on the cost components of covered petroleum products as the government reviews the suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene.
The DOE said the measure will help the Development Budget Coordination Committee (DBCC) assess whether the tax suspension should be continued, modified, extended, or terminated.
President Ferdinand “Bongbong” Marcos Jr. issued Executive Order No. 125 on Friday, suspending the excise taxes on LPG and kerosene after the average Dubai crude oil price reached $99.41 per barrel from August 13 to September 11. The figure exceeded the $80-per-barrel threshold under Republic Act No. 12316.
The Bureau of Internal Revenue subsequently issued Revenue Memorandum Circular No. 100-2026 to implement the suspension, subject to the conditions set under the executive order.
The tax relief covers LPG except when used as raw material for petrochemical production or for motive power, while the suspension on kerosene does not apply when the fuel is used as aviation fuel.
The DOE said the suspension removes P3.36 per kilogram in excise tax on LPG, or P36.96 for an 11-kilogram cylinder, and P5.60 per liter on kerosene.
Energy Secretary Sharon Garin said the government wants the tax relief to be reflected promptly in market prices so households can benefit from the savings.
The latest suspension follows a three-month excise tax suspension on LPG and kerosene ordered by Marcos in April.
