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Current News: How Fuel Tax Hike May Affect Grocery Items

Be updated with the latest news. Here’s an update on how the recent fuel tax hike may affect prices of basic commodities. Check out this infographic by ABS-CBN News

 

 

basic-commodities.jpg

“Fuel prices will increase in January as the first package of tax reform takes effect, but the government said this should not push up prices of basic goods since transportation accounts for less than 5 percent of production costs.  Here are sample computations from the Department of Trade and Industry on the “minimal” impact of higher diesel and gasoline prices on grocery items.”

 

 

By Angela Salano, ABS-CBN News

To read more about this topic, click here. 

 

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