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products. ditional P3 per liter was to be at the point of sale to the con- prices to increase by only around these areas were declared under
P0.20 per liter. They will also raise Excise taxes are levied upon im- added to the existing petroleum sumers,” officials said. P0.15 per liter; diesel by around a state of calamity.
the price of kerosene by P0.75 a li- portation and not at the point of excise rate of P4.35. But for the value-added tax, P0.60 per liter; and kerosene by Parts of the Visayas and Min-
ter. Most will be increasing prices sale to the consumers, the DoE The two agencies pointed out, new rates under TRAIN that around P0.55 per liter. danao were struck by back-to-
Nation
at 6 a.m. today, Jan. 2. said. however, that the retailers were are applicable to consumers It also reminded retailers that back tropical storms Urduja and
TheThe increase comes as the The advisory by the DoE’s Oil still disposing of the old stocks become effective on Jan. 1, upon a declaration of a state of Vinta. — Victor V. Saulon with
EDITOR ricky s. torre
Department of Energy (DoE) ad- Industry
tuesday,Management
january 2, 2018Bureau at the start of the year, and these 2018. calamity, the DoE is implement- News5/interaksyon.com
#nationataglance
“We are at a time when our resolve is being tested by many
trials and difficulties. Corruption, criminality, illegal drugs
and terrorism have impeded our progress in the past year.
However, I remain hopeful that our resilience will enable
us to overcome and rise above these challenges as one
nation. Let us embrace this coming year’s uncertainty with
a glimmer of hope and remain determined in achieving our
vision of a better and more prosperous future.”
— President Rodrigo R. Duterte’s New Year’s Message