Tag: oil

Govt will needed to enforce oil price unbundling – IBON

June 29, 2019

Research group IBON said that the Department of Energy (DOE) circular ordering oil companies to unbundle prices is a welcome and overdue measure for greater transparency to help prevent overpricing of oil products. However, the government must have the political will to implement this and the involvement of the public and consumer groups must be […]

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 […]

Dubai crude trigger price to suspend TRAIN oil taxes already reached, IBON observed

October 4, 2018

The government is already obliged to start considering suspension of its oil excise taxes as provided for under the Tax Reform for Acceleration and Inclusion (TRAIN) law, said research group IBON. The group said that oil prices have in effect already reached the trigger price for suspending excise taxes as provided in Republic Act 10963 or […]

Poor and middle class burdened most by TRAIN’s oil taxes

October 3, 2018

The higher oil excise taxes of the Duterte administration’s Tax Reform for Acceleration and Inclusion (TRAIN) is a greater burden on the poor and middle class than the rich, said research group IBON. The poor and middle class, even those few with gains from personal income tax cuts, will suffer cuts in their standard of […]

January inflation partially due to TRAIN—IBON

March 2, 2018

No cash transfers to cover January inflation, with prices going even higher in the months and years to come The Department of Finance (DOF) said that January inflation was not caused by the Tax Reform for Acceleration and Inclusion (TRAIN) law. Research group IBON however points out that the new tax program definitely contributed to […]

Ruling on West Philippine Sea: Group says PH sovereign footing in foreign policy can begin

July 14, 2016

The arbitral ruling favoring Philippine claim over the West Philippine Sea can be the new administration’s signal for further asserting its economic sovereignty, research group IBON said. This is also an opportune time for the Philippines to consider cutting or renegotiating unequal arrangements with other countries that put the nation’s control over its resources at […]