Marcos nixes fuel excise tax suspension, explores other options

President-elect Ferdinand “Bongbong” Marcos Jr (pic) says that there are other ways to address the rising cost of fuel aside from merely suspending the excise tax on oil products.

In a press briefing streamed on his Facebook page yesterday, Marcos said they were looking at possibly supporting hard-hit areas instead of fully suspending excise taxes, as the government needed funds for its projects.