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National Economic and Development Authority Secretary Arsenio Balisacan on Monday said he was not keen on providing subsidies for oil and electricity, as this would only benefit the rich who are the biggest consumers of such utilities.
president and chief executive officer Ramon Ang, in a panel, said that fuel and power prices in the Philippines remain high compared to its neighbors as other countries provide subsidies.“If you look at it on an equal basis, our prices without the subsidy and without taxes, is even lower than Malaysia, Indonesia, and Thailand. It’s also the same as power.
Oil Subsidy Power Subsidy Neda
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