Rollback Looms as Crude Oil Prices Ease

World crude oil prices have eased in recent days, prompting speculation that a rollback of fuel excise taxes is likely to be implemented next week. The decline in oil prices has led to a decrease in the price of gasoline and diesel, which may prompt lawmakers to reconsider their earlier decision to retain the fuel tax hike.

The Philippines' Department of Energy (DOE) had previously announced that it would not roll back the fuel excise taxes despite the easing of global crude oil prices. However, with the current downward trend in fuel prices, lawmakers are now rethinking their stance.