Oil firms back VAT suspension for faster fuel price reduction
VAT SUSPENSION. A motorist refuels at a gas station in Paco, Manila on March 19, 2026. Oil industry representatives on Thursday (March 26) backed the proposed suspension of value-added tax on petroleum products, saying it could lead to faster and more direct reductions in pump prices. (PNA photo by Yancy Lim) MANILA – Oil industry representatives on Thursday…


