President Ferdinand Marcos Jr. announced the removal of excise taxes on kerosene and liquefied petroleum gas as part of efforts to combat rising food prices in the Philippines. The move targets two critical energy sources that directly impact food production and distribution costs. Kerosene and LPG are widely used for cooking and transportation of goods across the archipelago.

The tax cuts come as the Philippines grapples with persistent inflation that has strained household budgets and business operations. Food prices have been particularly volatile, driven by supply chain disruptions and rising energy costs. By eliminating these levies, the government aims to reduce operational expenses for food producers and transporters, potentially easing pressure on consumer prices.

The decision reflects growing concerns about the economic impact of inflation on ordinary Filipinos. With energy costs forming a significant portion of food production expenses, the removal of kerosene and LPG taxes could provide immediate relief to both businesses and consumers. The policy shift signals the administration's prioritization of price stability over tax revenue in the current economic climate.