Tang Philippines announced on Tuesday that it will raise the prices of all its products due to the excise tax on selected sweetened beverages as required by the Tax Reform for Acceleration and Inclusion (TRAIN) law.

In a statement posted on Facebook, Tang said the law applies a tax of P12 per liter of product for beverages with high fructose corn syrup, while a tax of P6 per liter of product is applied to all ready-to-drink or powdered form beverages containing caloric and non-caloric sugar, or a mixture of both.

The company said its Tang Litro pack now has a suggested retail price of P16.45.

"We assure consumers that this price reflects Tang's adherence to government regulations while ensuring that our products continue to be of the best quality and accessible to our consumers," the statement said.

Tang also said it remains committed to "providing refreshment with the best value for money" through its products.

The TRAIN Law was signed into law last December 19, 2017.

• The Tax Reform for Acceleration and Inclusion or TRAIN Law