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TRAIN NEWS RESEARCH

There will be an additional P2.50 excise tax on diesel per liter in 2018; P4.50 in 2019; and P6 in 2020
onwards. On the other hand, excise tax on gasoline per liter will be P7 in 2018; P9 in 2019; and P10 in
2020 onwards.

To protect the poor from higher prices of commodities, Finance Secretary Carlos Dominguez III said the
Department of Social Welfare and Development (DSWD) is mandated to provide targeted cash transfers
to the poorest 10 million households. Each household would get P2,400 per year in 2018, as well as
P3,600 per year in 2019 and 2020.

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