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More price cuts for diesel, gasoline to go up next week

More price cuts for diesel, gasoline to go up next week
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DOF urges caution on fuel tax suspension

The Department of Finance (DOF) has advised caution in suspending excise tax on petroleum as it will incur substantial revenue losses for the government and may affect the budget for coronavirus recovery measures.

In a memorandum submitted to Finance Secretary Carlos G. Dominguez III, Financ ....

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