Manila, Sept. 28 -- The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. 100 on Monday, implementing the renewed suspension of excise taxes on liquefied petroleum gas (LPG) and kerosene.

BIR said this is pursuant to Executive Order (EO) 125 issued on Sept. 25 by President Ferdinand R. Marcos Jr.

Under EO 125, the excise taxes on LPG are fully suspended, except when used as raw material for the production of petrochemical products or for motive power, while the excise tax on kerosene is fully suspended, except when used as aviation fuel.

The temporary suspension of the excise tax follows the Department of Energy's earlier certification that the one-month average Dubai crude oil price based on the Mean of Platts Si...