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DOE wants bigger government cut in Malampaya gas proceeds

THE Department of Energy (DOE) wants the government’s cut in the Malampaya royalty that is being shared with the consortium raised from the prevailing 60:40 arrangement to 80:20. “The present sharing is 60:40 and the DOE position is starting with 80:20 and the alternative position that is being raised is… ....

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To sell or not to sell | Lenie Lectura

Controversial Malampaya deal undergoes ‘fine-toothed’ scrutiny before sale ....

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DOE wants to tap oil excise tax collection for fuel subsidy

(File photo) MANILA - The Department of Energy (DOE) eyes to tap the proceeds from the excise tax on petroleum products as fuel subsidy amid rising pump prices. In a press conference Friday, DOE Assistant Secretary Gerardo Erguiza Jr. said there is a provision in the Tax Reform for Acceleration and Inclusion (TRAIN) Law that allows the additional government revenue to be used for social welfare and benefits programs like fuel subsidies. Under Section 82 of TRAIN Law, incremental revenues from the law can be tapped to fund "fuel vouchers to qualified franchise holders of public utility jeepneys (PUJs)" within five years from the effectivity of the act. The TRAIN Law took effect on Jan. 1, 2018. "We will make the necessary suggestions on how to tap any resources. But part of the resolution that we asked the Congress is to be able to determine from DBM (Department of Budget and Management) if they still have the money from the collection and if we can use the money for this ....

Gerardo Erguiza Jr , Department Of Energy , National Economic , Department Of Finance , Department Of Budget , Development Authority , Secretary Gerardo Erguiza , Tax Reform , Ile Photo Manila The Department Of Energy Doe Eyes To Tap Proceeds From Excise Tax On Petroleum Products As Fuel Subsidy Amid Rising Pump Prices Ina Press Conference Friday , Oe Assistant Secretary Gerardo Erguiza Jr Said There Isa Provision In The Tax Reform For Acceleration And Inclusion Train Law That Allows Additional Government Revenue To Be Used Social Welfare Benefits Programs Like Fuel Subsidies Under Section 82 Of , Ncremental Revenues From The Law Can Be Tapped To Fund Quot Fuel Vouchers Qualified Franchise Holders Of Public Utility Jeepneys Pujs Within Five Years Effectivity Act Train Took Effect On Jan 1 , 018 Quot We Will Make The Necessary Suggestions On How To Tap Any Resources But Part Of Resolution That Asked Congress Is Be Able Determine From Dbm Department Budget And Management If They Still Have Money Collection Can Use For This Purpose , Uot Erguiza Said In Mixed English And Filipino Earlier , He Department Of Finance Dof And The National Economic Development Authority Opposed Recommendation Suspending Excise Tax On Petroleum Products Despite Rising Oil Prices Said Should Be Suspended , He Government Stands To Lose Php131 4 Billion In Revenues Php24 7 Excise And Php106 Incremental Under The Train Law With Opposition From Economic Team Halt Tax Collection On Petroleum Products , Rguiza Added That The Doe Also Suggested To Congress At Least Reduce Excise Tax Rate When World Oil Price Hikes Reacha Certain Level Quot Concept Is For Us Be Given Authority , The Red Light , Reen Light To Do Something That 39s The Concept We Told Congress , Uot He Added Pna ,

Oil discount only option for now as price hike continues — DOE exec

Asking oil companies to offer consumers with discount on oil prices is what the Department of Energy (DOE) can only do for now to cushion the effects of the continuous oil price hike, an agency official said Friday, Oct. 22.

(File photo / MANILA BULLETIN)
DOE Assistant Secretary Gerardo Erguiza ....

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DOE wants to tap oil excise tax for subsidy

DOE wants to tap oil excise tax for subsidy
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