Increase in Specific Tax on Petroleum Products

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PRESIDENTIAL DECREE NO. 1122: Increase in Specific Tax on Petroleum Products

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Title Supreme Court: Increase in Specific Tax on Petroleum Products

Law: Presidential Decree No. 1122

Decision Date: Apr 21, 1977

Presidential Decree No. 1122 increases the specific tax on various petroleum products in the Philippines to conserve oil, generate additional revenues, and address the low price of petroleum products compared to other Asian nations during the global oil crisis.

specific tax

oil conservation

additional revenues

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