Author Topic: FUEL PRICE HIKES WITH EXCISE TAX LIKELY RIGHT AFTER FIRST PAYDAY OF JANUARY 2018  (Read 452 times)

MikeLigalig.com

  • FOUNDER
  • Webmaster
  • *****
  • Posts: 33284
  • Please use the share icons below
    • View Profile
    • Book Your Tickets on a Budget
ECONOMIST-SOLON: FUEL PRICE HIKES WITH EXCISE TAX LIKELY RIGHT AFTER FIRST PAYDAY OF JANUARY 2018

Right now, the hot button issue is the fuel price hikes. In the months ahead, it is likely that new so-called cause-oriented groups will sprout here and there to try to sow more fear. They will fail.

My latest take on the excise tax on oil products is that the oil companies will wait until or soon after the first or second payday of January 2018 before they start reflecting the impact of the new excise taxes.

The oil companies are wise enough not to shock consumers. Remember what they did when world crude oil prices were rising to and reached US$100 per barrel in 2015? The local oil firms had frequent staggered fuel price hikes. Oil firms are aware of the tolerance levels of consumers.

Future hot button issues would be electricity power rates and metered water rates. I have two sets of policy comments on these.

First, peso depreciation is only temporary and businesses must seize opportunities as they come.

Second, the country must have much more foreign investments, especially of the direct investments into businesses, factories. BPOs, and SMEs. More foreign investments mean more jobs, more dollar inflows, a stable peso-dollar rate, and inflation kept in check. 

Those BOI-approved investments, a lot of those should materialize in 2018. (END)
 
REFERENCES:

https://www.doe.gov.ph/oil-monitor 
http://www.manilatimes.net/dbcc-retains-inflation-target-2018-2020/371114/
https://www.reuters.com/article/oil-options/want-to-bet-on-100-oil-in-2018-some-investors-already-have-idUSL8N1M95TN
https://www.marketwatch.com/story/why-oil-prices-will-never-return-to-100-a-barrel-in-one-chart-2017-02-22

^^^^^^^
Book your place/hotel/apt to stay on your next travel at www.booking.com



Linkback: https://tubagbohol.mikeligalig.com/index.php?topic=88873.0
John 3:16-18 ESV
For God so loved the world, that he gave his only Son (Jesus Christ), that whoever believes in him should not perish but have eternal life. For God did not send his Son into the world to condemn the world, but in order that the world might be saved through him. Whoever believes in him is not condemned, but whoever does not believe is condemned already, because he has not believed in the name of the only Son of God.

👉 GET easy and FAST online loan at www.tala.com Philippines

Book tickets anywhere for planes, trains, boats, bus at www.12go.co

unionbank online loan application low interest, credit card, easy and fast approval

Tags: