Beverage group warns higher prices could dampen demand for drinks.
Though tax relief may not translate to lower LPG prices.
The DOF is proposing to expand sugar tax coverage and raise exisiting rates.
The proposal would raise the excise tax on sweetened beverages to as much as ₱20 per liter, expand coverage to natural fruit juice, and introduce annual inflation adjustments.
A single peso can be taxed several times throughout its journey.
