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

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  • Boyd, Roy
  • Uri, Noel D.

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.

Suggested Citation

  • Boyd, Roy & Uri, Noel D., 1993. "The economic impact of taxes on refined petroleum products in the Philippines," Energy, Elsevier, vol. 18(1), pages 31-47.
    • Handle: RePEc:eee:energy:v:18:y:1993:i:1:p:31-47
    DOI: 10.1016/0360-5442(93)90077-Q
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    References listed on IDEAS

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    1. Shoven,John B. & Whalley,John, 1992. "Applying General Equilibrium," Cambridge Books, Cambridge University Press, number 9780521266550, October.
    2. Chambers,Robert G., 1988. "Applied Production Analysis," Cambridge Books, Cambridge University Press, number 9780521314275, October.
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    Cited by:

    1. Bhattacharyya, Subhes C., 1996. "Applied general equilibrium models for energy studies: a survey," Energy Economics, Elsevier, vol. 18(3), pages 145-164, July.

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