The economic impact of taxes on refined petroleum products in the Philippines

Roy Boyd and Noel D. Uri

Energy, 1993, vol. 18, issue 1, 31-47

Abstract: This paper uses an aggregate modelling approach to assess the impact of taxes on refined petroleum products on the Philippine economy. The effects of removing the 48% tax on premium and regular gasoline and the 24% tax on other refined petroleum products on prices and quantities are examined. For example, the consequences of a complete elimination of refined petroleum product taxes would be an increase in output by all producing sectors of about 3.7% or about 2.65 hundred billion Philippine pesos, a rise in the consumption of goods and services by about 13.6% or 4.2 hundred billion Philippine pesos, a rise in lower tax revenue for the government of 62.4% or 2.8 hundred billion Philippine pesos. When subjected to sensitivity analyses, the results are reasonably robust.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:18:y:1993:i:1:p:31-47

DOI: 10.1016/0360-5442(93)90077-Q

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