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The average value for Philippines during that period was 51.60 Philippine Peso with a minimum of 48.75 Philippine Peso on 24-Feb-2020 and a maximum of 53.69 Philippine Peso on 16-Dec-2019. For comparison, the average price of gasoline in the world for this period is 73.30 Philippine Peso. DOE to oil firms: Use up old inventory first before slapping new tax. The Department of Energy says oil companies may face large-scale estafa charges if they slap the TRAIN law's new taxes on old stocks in 2020 Published 10:40 PM, December 25, 2019 Updated 10:40 PM, December 25, 2019 TAXES. In our article three weeks ago, we cited lower crude oil prices as one of the key reasons to remain bullish on the Philippines (see Bullish on the Philippines, Sept. 9).

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