
House bill seeks powers for President to suspend fuel excise tax
MANILA, Philippines — A bill that seeks to give the President powers to suspend the excise tax on petroleum products when warranted — like during the current conflict in the Middle East —was filed by Marikina Rep. Miro Quimbo on Tuesday. Quimbo, in a statement, said that he supports calls to suspend excise taxes on fuel
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Marcos seeks emergency powers to cut fuel tax
President Marcos is seeking emergency powers from Congress to allow him to reduce the excise tax on petroleum products once prices of oil and gas imports soar as a result of the escalating conflict in the Middle East. At a Palace briefing on Tuesday, the President said he was in talks with leaders of the
By NewsPublish
Read full article →Marcos eyes special power to reduce fuel excise tax
Amid the raging conflict in the Middle East and its anticipated impact on consumer oil prices, President Marcos is eyeing “special powers” from Congress to lower the excise tax on fuel.
By Helen Flores
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