House Leaders Seek to Grant President Power to Suspend Fuel Excise Tax

Congress, Palace move to cut fuel excise tax

The Senate and the House of Representatives are closely coordinating with Malacañang over ways to expedite the passage of a measure suspending the excise tax on fuel amid the escalating Middle East crisis.

House leaders seek to grant president power to suspend fuel excise tax

MANILA, Philippines — Speaker Faustino “Bojie” Dy III and House Majority Leader Ferdinand Alexander “Sandro” Marcos have filed a bill seeking to grant the president the authority to suspend excise taxes on fuel products during national or global emergencies. Marcos confirmed on Monday that he has filed House Bill No. 8292 which seeks to amend Section 148 of the National Internal Revenue Code by placing a provision that would allow sitting presid…

DEPDev: Fuel excise tax suspension to slash oil prices by P6 to 10 a liter

The suspension on excise tax on petroleum products will reduce oil prices by P6 per liter for diesel and P10 per liter for gasoline, the Department of Economy, Planning, and Development (DEPDev) said on Monday.

House leadership files fuel excise tax suspension bill; public hearing set Tuesday

The House leadership has filed its version of the bill authorizing the President of the Philippines to suspend or reduce excise tax on petroleum products...

How will suspending fuel excise taxes cushion a big oil price hike?

President Marcos plans to ask Congress to grant him temporary powers to suspend the fuel excise tax as the Philippines braces for the 'highest jump' in oil prices in history

Marcos to request Congress for emergency powers to reduce fuel excise tax

MANILA, Philippines — President Ferdinand Marcos Jr. is set to issue a formal request to Congress to grant him emergency powers to reduce the fuel excise tax as part of the...