‘Coordinate implementation of tax adjustments’ – Romero

PILIPINAS Shell Petroleum Corp. (PSPC) sees no reason to oppose the looming excise tax on diesel fuel provided that it is implemented in a coordinated manner with the other income tax adjustments planned by the government.

“At the moment we remain confident that the growth of the economy will continue to be healthy despite the looming excise taxes. It will make pump prices higher, but actually that’s still lower than what we’ve seen before,” PSPC President Cesar G. Romero said in an interview on Friday.