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House leaders meet with oil industry players for more fuel price discounts

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Leaders of the House of Representatives met anew with oil industry players on Tuesday to appeal for more fuel price discounts, as pump prices hit around P70 per liter.

House Deputy Majority Leader and ACT CIS Party List Rep. Erwin Tulfo said lawmakers called for additional P1.00 to P2.00 per liter discount on top of existing discounts implemented by big oil firms, and to expand its coverage to also include private vehicles. He, however, said the oil firms have yet to issue a commitment.

“Ten years ago na ‘yung discount na ‘yun, ‘yung piso, dalawang piso… Parang not enough. Hindi mo na maramdaman. Kaya ang hinihingi namin, baka pwede nyong doblehin,” he added. “Definitely, ‘yung excise at saka yung VAT, mahirap tanggalin. Kasi ang computation around P12 billion to P15 billion hanggang December ‘pag tinaggal mo pansamantala ‘yung excise tax. Budget deficit na naman tayo. Kaya pumapalag ang Department of Finance. Parang mahirap lunukin din,” he explained.

 

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