Philippines imposes additional 10% taxes on imported oil to raise fund for Covid-19 response


A village officer dressed as the Star Wars character Darth Vader rides a small boat to deliver relief goods to residents in the flooded Artex Compound in Malabon, Metro Manila, Philippines, on Monday (May 4). - Reuters

MANILA: Philippine President Rodrigo Duterte has imposed additional 10% tariffs on imported crude oil and refined petroleum products to fund his administration's efforts to combat the Covid-19 (coronavirus) epidemic, a government document released on Monday (May 4) showed.

In an executive order dated May 2, Duterte said "there is an urgent need to augment the government resources to sufficiently finance the programs and measures to mitigate the effects of the COVID-19 situation, and launch the country towards recovery and rehabilitation."

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