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Poe appeals to oil firms: comply with the law on fuel excise tax implementation

Updated

By Vanne Elaine Terrazola

Senator Grace Poe has appealed to oil companies to comply with the law in implementing the second tranche of the fuel excise tax under the Tax Reform for Acceleration and Inclusion (TRAIN) law.

Senator Grace Poe (Photo courtesy of Ali Vicoy/Manila Bulletin)

Senator Grace Poe
(Ali Vicoy / Manila Bulletin File Photo)

“Huwag nilang samantalahin ito upang magpataw ng dagdag presyo na higit pa sa itinakda ng batas (They should not take advantage of this by imposing higher prices that beyond those that have been set by the law),” she added.

Poe issued the appeal after the Department of Energy (DOE) found out that 444 gas stations are already imposing the P2 excise tax on fuel despite its reminder that companies should first use their old inventories before applying the new excise tax rates.

The DOE said the implementation of the tax hike should start on January 15.

Poe said companies should consider the public, especially the poor, who will be affected by the scheduled increase in fuel excise taxes.

“Maawa naman sila lalo na sa mahihirap nating kababayan na siguradong aaray na naman sa taas-presyong ito (They should show compassion especially to the poor who, for sure, will be hurt by these price increases),” she said.

Poe, for her part, vowed to continue to practice the oversight function of Congress on the implementation of the TRAIN law.

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