Php16 per km taxi fare hike sought
Philippine National Taxi Operators’ Association (PNTOA) president Bong Suntay said on Tuesday, January 2, that a group of taxi operators may petition a Php16 per kilometer fare hike due to an increased excise tax rates on petroleum products under the Tax Reform for Acceleration and Inclusion (TRAIN) law.
The recently approved tax reform law or Republic Act NO. 10963 stated that diesel gets an excise tax of Php2.50 per liter from zero while the the excise tax on gasoline rises to Php7 from Php4.35. It was also stated that diesel will increase up to Php6 per liter and gasoline to Php10 by 2020.
“Ang magiging epekto niyan is mas lalong kakaunti yung mga taxing bumabyahe. Tapos nu’n maaring tumaas yung mga insidente ng driver na nangongontrata o ayaw magsakay o namimili ng pasahero… Hindi namin tinotolerate yung maling ginagawa ng driver but we have to become realistic,” Suntay said.
Department of Energy (DOE) clarifies that the new excise tax rates will not affect old inventory and will only affect imported petroleum products from January 1, 2018 onwards.
Source: GMA News Online