Moving away from oil-based sources seem to be partially rooted with pollution issues, and the volatility of the global petroleum market, but growing dependence on coal has also attracted controversy despite being relatively cheaper and more reliable. One of the more relevant excise taxes in public consciousness today would be the fuel excise tax, which is imposed over different petroleum products, owing to rising oil prices in the Philippines and overseas. Take for example the United States, a petroleum prosumer (producer and consumer). Where lies the disconnect between global and local petroleum markets? Other proposals, such as the creation of a Strategic Petroleum Reserve (SPR), as well as the restoration of the Oil Price Stabilization Fund (OPSF), are also on the table. Memorandum Order 2019-11-0001 has already provided for the conduct of a feasibility study on having a National Strategic Petroleum Reserve equivalent to 90 days of the nation’s domestic oil requirements. Read more in our articles including "Explainer: What Happens If There Are Blackouts On Election Day?" and "Why fuel excise taxes remain in the Philippines: equity or equality?".
Back in 1992, blackouts and power outages stole the spotlight of national elections in the…
Mar 23, 2022
An adage goes, “In this world nothing can be said to be certain, except death…
Mar 20, 2022
OPPO has released three new models recently: the standard Reno15, the more affordable Reno15 F,…
Apr 22, 2026
The new Infinix NOTE 60 Pro 5G is out, and this guy is a VERY…
Apr 21, 2026
At the height of war, there were Qualcomm’s Snapdragon chipsets, engaged in heated battle against…
Mar 25, 2026
Beyond providing fast and reliable fiber connection, PLDT Home Life is committed to making life…
Mar 23, 2026Moving away from oil-based sources seem to be partially rooted with pollution issues, and the volatility of the global petroleum market, but growing dependence on coal has also attracted controversy despite being relatively cheaper and more reliable. One of the more relevant excise taxes in public consciousness today would be the fuel excise tax, which is imposed over different petroleum products, owing to rising oil prices in the Philippines and overseas.
Take for example the United States, a petroleum prosumer (producer and consumer). Where lies the disconnect between global and local petroleum markets? Other proposals, such as the creation of a Strategic Petroleum Reserve (SPR), as well as the restoration of the Oil Price Stabilization Fund (OPSF), are also on the table.
Our coverage of petroleum includes: "Explainer: What Happens If There Are Blackouts On Election Day?"; "Why fuel excise taxes remain in the Philippines: equity or equality?"; "OPPO Reno15 Series 5G: Delivering the Complete Mobile Creator Experience". Each article provides unique insights and information.