THE temporary suspension of excise taxes on kerosene and liquefied petroleum gas (LPG) has ended after Dubai crude oil prices averaged below $80 per barrel in June, the Bureau of Internal Revenue (BIR) said.
The BIR said the Department of Energy (DOE) had certified that the one-month Dubai average had fallen to $79.45 per barrel, below the $80-per-barrel threshold set under Executive Order (EO) 114.
Excise tax rates on kerosene and LPG automatically reverted to those prescribed under Section 148 of the National Internal Revenue Code of 1997 effective July 8, 2026, it added.
EO 114, which was issued on April 16, 2026, temporarily suspended excise taxes on specific petroleum products for three months to cushion the impact of elevated global oil prices on consumers and businesses.
This move cut LPG costs by P3.36 per kilogram and kerosene by P5.60 per liter.
The suspension would end once either of two conditions was met: one week after the one-month average Dubai crude oil price based on MOPS fell below $80 per barrel, as certified by the DOE, or upon the expiration of the three-month suspension period, whichever came first.
NIÑA MYKA PAULINE ARCEO
