The Department of Energy (DOE) on Thursday, January 10 addressed that more than 440 retail stations across the country are now using the second round of excise taxes on prices of petroleum products under the Tax Reform for Acceleration and Inclusion (TRAIN) law.
In a press conference, DOE Undersecretary Felix Fuentebella said that among the fuel stations who complied with the law are Flying V, Petron Corp., and Pilipinas Shell Petroleum Corp. They also noted that 8,600 retail stations across the country were able to impose the first tranche of excise taxes with the first two months of 2018.
However, Fuentebella said consumers have the right to choose where to gas up and they may go to stations that have yet to impose the second tranche of excise taxes.
In December 2017, President Rodrigo Roa Duterte signed into law the proposed Tax Reform for Acceleration and Inclusion (TRAIN) Act which expands the value-added tax (VAT) base and reduced personal income taxes starting January 2018.
Under the said law, the excise taxes on diesel shall go up starting 2019 by Php 2.00 to Php 4.50 per liter and on gasoline to Php 9.00 under the second tranche of fuel excise taxes.
Meanwhile, retail stations implementing the new excise tax rates must install a visible tarpaulin within their premises to make customers aware of the price adjustments. The advisory must include the date when the filling station actually started using the new rates.