A focused action, such as extending aid to the transportation sector, will be more successful in addressing the impact of high local pump prices than deferring the implementation of fuel excise tax, according to a Bangko Sentral ng Pilipinas (BSP) official.
BSP Deputy Governor Francisco Dakila Jr.
"Having more targeted intervention would be actually more effective. And that assistance can be directed to the most vulnerable sectors of the economy including on public transport," BSP Deputy Governor Francisco Dakila Jr. said in a press briefing on Thursday.
