The Bureau of Internal Revenue (BIR) announces that the excise tax rates on kerosene and liquefied petroleum gas (LPG) automatically revert to the levels prescribed under Section 148 of the National Internal Revenue Code (NIRC) of 1997, as amended. The reinstatement takes effect on July 8, based on the threshold mechanism tied to Dubai crude oil prices. The BIR says the Department of Energy (DOE) certifies that the one-month average Dubai crude oil price, computed using the Mean of Platts Singapore (MOPS), for June 1 to 30, 2026, is $79.45 per barrel. This price falls below the $80-per-barrel threshold that triggers the end of the suspension. Because the law provides for an automatic return to NIRC-prescribed rates, the BIR states that no further issuance is required. The BIR informs manufacturers, importers, petroleum product companies, taxpayers, and other stakeholders of the change and instructs them to apply the reinstated excise tax rates for kerosene and LPG as of the effective date.