oil price hike

Jobs crisis worsened by fuel price hikes and measly ayuda

March 18, 2022

NEWS

The huge drop in the number of labor force participants and employed persons from December 2021 to January 2022 is concerning and underscores the country’s precarious jobs situation.

May magagawa!

March 18, 2022

IBON Executive Director on economic managers’ proposals to alleviate Ukraine conflict impact

March 9, 2022

The Economic Development Cluster (EDC) proposes to cope with the Ukraine conflict by shifting to Alert Level 1, just Php6.1 billion in fuel subsidies, increasing buffer stocks of oil products, lowering tariffs on food and coal imports, promoting energy conservation, and attracting investments.

Suspending TRAIN oil taxes will lower oil prices and ease inflation—IBON

October 23, 2021

Suspending oil excise taxes, can ease the burden of rising prices on ordinary Filipinos, and revenue losses can be compensated by suspending corporate tax cuts. These can be the start of a more progressive tax system and a prelude to better regulation and control over the country’s oil industry.

TRAIN suspension, govt transparency and regulation needed to ease OPH burden

February 28, 2019

Research group IBON said that the third consecutive and big-time oil price hike only makes it more urgent for the Duterte administration to stop the oil excise taxes of the Tax Reform for Acceleration and Inclusion (TRAIN). This will lessen the impact of rising oil prices on the poorest families. The group also said that […]

Fuel prices cheaper than in 2018 if not for TRAIN

February 14, 2019

Research group IBON said that the fuel prices would be cheaper now than in 2018 without the Tax Reform for Acceleration and Inclusion (TRAIN) law. The group said that TRAIN’s additional excise taxes have prevented Filipinos from feeling the benefits of lower global oil prices. Filipinos face even higher prices with the implementation of the […]