MANILA (Updated 5:55 p.m.) — President Ferdinand Marcos Jr suspended taxes on kerosene and liquefied petroleum gas on Monday to help consumers cope with rising fuel costs.
Congress had granted Marcos emergency powers to adjust fuel taxes, one of several measures the Philippines has undertaken to cope with a sharp surge in oil prices driven by the Middle East conflict.
—Reporting by Nestor Corrales and Karen Lema; Editing by David Stanway
