Here’s how much pickup trucks now cost with excise taxes

One of the biggest pieces of news recently was about the increase in pickup truck prices starting this month, no thanks to the Capital Markets Efficiency Promotions Act (CMEPA) that removes the excise tax exemption of pickup trucks in our market.

READ: Expect pickup truck prices to increase very soon

The CMEPA aims to simplify taxation of passive income, however, it also amended a handful of sections of the National Internal Revenue Code, including that of the exemption of double-cab pickup trucks from the Tax Reform for Acceleration and Inclusion (TRAIN Law).

With an implementation date of July 1, 2025, a handful of automotive brands have already increased their prices. We’ve compiled below a list of brands and models who have already announced the new pricing of their pickup trucks below. This list will also be updated as more updates on the price adjustments come in.

_{This list is updated as of January 20, 2026.}

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Toyota Hilux

The first to implement the price increases is Toyota Motor Philippines which has already posted the new suggested retail prices of its popular Hilux on its official website. The new retail prices for the Toyota Hilux are as follows:

Model and Variant	New Price	Price Increase
Hilux 2.4 4×2 Cab & Chassis M/T	Php 891,000	No increase
Hilux 2.4 4×2 Cargo M/T	Php 1,007,000	No increase
Hilux 2.4 4×2 FX (w/ rear aircon) M/T	Php 1,130,000	No increase
Hilux 2.4 J 4×2 M/T	Php 1,098,000	Php 97,000
Hilux 2.4 J 4×4 M/T	Php 1,320,000	Php 119,000
Hilux 2.4 E 4×2 M/T	Php 1,582,000	Php 264,000
Hilux 2.4 E 4×2 A/T	Php 1,662,000	Php 264,000
Hilux 2.4 G 4×2 M/T	Php 1,649,000	Php 253,000
Hilux 2.4 G 4×2 A/T	Php 1,740,000	Php 268,000
Hilux 2.4 Conquest 4×2 A/T	Php 1,960,000	Php 279,000
Hilux 2.8 Conquest 4×4 M/T	Php 2,308,000	Php 268,000
Hilux 2.8 Conquest 4×4 A/T	Php 2,364,000	Php 280,000
Hilux 2.8 GR-S 4×4 A/T	Php 2,460,000	Php 282,000

Now you may be wondering why not all variants saw price increases. The Cab & Chassis, Cargo, and FX variants are all categorized as single cab pickup trucks which are still exempt from excise taxes.

Nissan Navara

_{(Updated August 4, 2025)}

A few weeks after announcing a price retention as they exhaust their inventory, Nissan Philippines has published the new and increased retail prices for all Navara variants. The new prices are as follows:

Model and Variant	New Price	Price Increase
Navara 2.5 EL 4×2 M/T	Php 1,240,000	Php 125,000
Navara 2.5 VE Calibre 4×2 M/T	Php 1,595,000	Php 275,000
Navara 2.5 VE Calibre 4×2 A/T	Php 1,695,000	Php 285,000
Navara 2.5 VE 4×4 M/T	Php 1,750,000	Php 290,000
Navara 2.5 VL Calibre 4×2 A/T	Php 1,870,000	Php 310,000
Navara 2.5 VL 4×4 M/T	Php 1,990,000	Php 330,000
Navara 2.5 VL 4×4 A/T	Php 2,090,000	Php 350,000
Navara 2.5 Calibre-X 4×2 A/T	Php 1,965,000	Php 335,000
Navara 2.5 Pro-4X 4×4 A/T	Php 2,220,000	Php 370,000

Ford Ranger

Ford Philippines has announced on their website the new prices for the Ranger lineup, with increases ranging from as low as Php 60,000 to as much as Php 390,000. The new prices are as follows:

Model and Variant	New Price	Price Increase
Ranger 2.0 Turbo XL+ 4×4 M/T	Php 1,523,000	Php 244,000
Ranger 2.0 Turbo XLT 4×2 A/T	Php 1,679,000	Php 280,000
Ranger 2.0 Turbo Sport 4×2 A/T	Php 1,805,000	Php 301,000
Ranger 2.0 Turbo Sport 4×4 A/T	Php 1,949,000	Php 325,000
Ranger 2.0 Turbo Sport Special Edition 4×2 A/T	Php 1,830,000	Php 301,000
Ranger 2.0 Turbo Sport Special Edition 4×4 A/T	Php 1,974,000	Php 325,000
Ranger 2.0 Turbo Wildtrak 4×2 A/T	Php 1,949,000	Php 325,000
Ranger 2.0 Bi-Turbo Wildtrak 4×4 A/T	Php 2,340,000	Php 390,000
Ranger Raptor 2.0 Bi-Turbo 4×4 A/T	Php 2,468,000	Php 123,000
Ranger Raptor 3.0 V6 Twin-Turbo 4×4 A/T	Php 2,799,000	Php 60,000

Mazda BT-50

Mazda Philippines has updated the fairly recently-introduced 2025 BT-50 lineup, replacing the Pangolin variant with a regular 3.0 4×4 A/T, with the option of a Pangolin accessory package. Meanwhile the 3.0 4×2 A/T now comes with reduced features as well, but with the optional Sport package. This is what the new lineup and prices look like:

Mitsubishi Triton

Last year, Mitsubishi Motors Philippines retained the prices of most Triton variants, with a few select variants seeing minor adjustments due to inflation. That changes in 2026 though as the company has released updated pricing which now includes the excise taxes on pickup trucks. The lineup has also changed slightly with the discontinuation of the 2.4 GLX 4WD M/T variant, and introduction of the new 2.4 GX 2WD A/T. Check out the updated lineup and pricing below:

Model and Variant	New Price	Price Increase
Triton 2.4 GL 2WD M/T	Php 1,266,000	Php 114,000
Triton 2.4 GL 4WD M/T	Php 1,292,000	Php 135,000
Triton 2.4 GX 2WD A/T	Php 1,430,000	New
Triton 2.4 GLX 2WD M/T	Php 1,649,000	Php 267,000
Triton 2.4 GLX 2WD A/T	Php 1,735,000	Php 281,000
Triton 2.4 GLS 2WD A/T	Php 1,959,000	Php 329,000
Triton 2.4 Athlete 4WD A/T	Php 2,359,000	Php 422,000

Isuzu D-Max

While Isuzu Philippines announced in September 2025 that the D-MAX was unaffected by the price increases thanks to existing inventory, that changes in 2026. The company’s website has reflected updated pricing which is higher by between Php 109,000 to Php 399,000, along with discontinuation of the 3.0 LS-A grades in favor of the 3.0 LS-A Plus grades. This is what the lineup and the new prices look like:

Model and Variant	New Price	Price Increase
D-Max 1.9 RZ4E Single Cab 4×2 M/T	Php 978,000	–
D-Max 3.0 Single Cab 4×4 M/T	Php 1,462,000	Php 244,000
D-Max 1.9 RZ4E LT 4×2 M/T	Php 1,197,000	Php 109,000
D-Max 3.0 LT 4×4 M/T	Php 1,607,000	Php 268,000
D-Max 3.0 LS-A Plus 4×2 M/T	Php 1,796,000	Php 306,000
D-Max 3.0 LS-A Plus 4×2 A/T	Php 1,880,000	Php 320,000
D-Max 3.0 LS-A Plus 4×4 M/T	Php 2,160,000	Php 360,000
D-Max 3.0 LS-E 4×2 A/T	Php 2,094,000	Php 349,000
D-Max 3.0 LS-E 4×4 A/T	Php 2,394,000	Php 399,000

_{Photos by Julian Panlilio and Sam Surla}