Philippines Removes Kerosene, LPG Taxes to Temper Food Prices

The Philippines is removing excise taxes on kerosene and liquefied petroleum gas to curb food inflation, President Ferdinand Marcos Jr. said Monday.

Marcos also said the government plans to lower tariffs on farm imports, cut transport costs for food products and has talked to producers to keep prices of basic goods stable until end-April.

“All of these measures are centered on the price of food, to keep the price of food down,” the president said at a televised briefing. “We were hoping for good peace talks, but it looks like they didn’t reach a deal, so we keep supporting our ...