30/09/2026
๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐ ๐๐
๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐, ๐๐๐๐๐๐๐๐
The Bureau of Internal Revenue (BIR), through ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐๐ฆ๐จ๐ซ๐๐ง๐๐ฎ๐ฆ ๐๐ข๐ซ๐๐ฎ๐ฅ๐๐ซ (๐๐๐) ๐๐จ. ๐๐๐-๐๐๐๐ dated September 28, 2026, has implemented the renewed suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene under Executive Order (EO) No. 125, series of 2026. The measure was issued pursuant to Republic Act (RA) No. 12316 following the Department of Energyโs (DOE) certification that the one-month average Dubai crude oil price based on MOPS reached US$99.41 per barrel from August 13 to September 11, 2026, exceeding the US$80.00 threshold set by law.
Under EO No. 125, excise taxes on LPG are fully suspended, except when used as a raw material in producing petrochemical products or as motive power, while the excise tax on kerosene is fully suspended, except when used as aviation fuel. The regular excise tax rates will automatically be reinstated one week after the DOE certifies that the one-month average Dubai crude oil price has fallen below US$80 per barrel, or three months after the EO takes effect, whichever comes first. This follows the earlier suspension implemented under EO No. 114, which began on April 17, 2026, and was lifted effective July 8, 2026, after the oil price fell below the applicable threshold. The BIR continues to implement measures providing temporary tax relief in response to elevated global oil prices.
Read the full Revenue Memorandum Circular here: https://bir-cdn.bir.gov.ph/BIR/pdf/RMC%20No.%20100-2026%20-%20redacted.pdf?fbclid=IwY2xjawUpabNleHRuA2FlbQIxMABwZG9mBWJyaWQRMWNoVUdsd0pyMnlpMFVOSzVzcnRjBmFwcF9pZBAyMjIwMzkxNzg4MjAwODkyAAEe2bbZ3JhwXSHw_LrC2M-C-28ikZfDXhXhWkCAEfal7UlnsjyS4AoGRxBifg0_aem_8vdOOHDRQKELPvWUpKSe9Q
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