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Philippines Cuts LPG, Kerosene Taxes to Fight Inflation

4/13/2026

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Summary

Story summary

On April 13, 2026, Philippine President Ferdinand Marcos Jr. announced tax cuts on liquefied petroleum gas (LPG) and kerosene to curb inflation from the war.
LPG will drop 3.36 pesos per kilogram and kerosene 5.60 pesos per liter, effective April 14.
Marcos said a government crisis committee will discuss further price adjustments.
The Philippines relies on Middle Eastern crude oil.
Diesel prices have doubled since the war began.

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Story summary

On April 13, 2026, Philippine President Ferdinand Marcos Jr. announced tax cuts on liquefied petroleum gas (LPG) and kerosene to curb inflation from the war.
LPG will drop 3.36 pesos per kilogram and kerosene 5.60 pesos per liter, effective April 14.
Marcos said a government crisis committee will discuss further price adjustments.
The Philippines relies on Middle Eastern crude oil.
Diesel prices have doubled since the war began.