The bill endorsed by the committee on ways and means calls for the imposition of an initial P3 tax on diesel.
The levy would increase by P2 to P5 on Jan. 1, 2018 and to P6 starting on Jan. 1, 2019.
At present, there is no excise tax on diesel.
The measure would also increase the tax on lubricating oils and greases, waxes, regular gasoline, leaded gasoline, unleaded gasoline and aviation gas to a uniform P7 per liter, going up to P9 in 2018 and P10 in 2019.
The present tax on these products ranges from P3.50 to P5.35.