BACOLOD CITY – The provincial government of Negros Occidental backs the plan of President Ferdinand R. Marcos Jr. to seek emergency powers that would allow the national government to reduce excise taxes on petroleum products as oil prices surge due to the crisis in the Middle East.

Gov. Eugenio Jose Lacson, in a statement released on Sunday, March 8, said the proposed measure is therefore a prudent and proactive step.

“By providing the national government with the flexibility to temporarily adjust fuel excise taxes, we ensure that the government has the necessary tools to respond swiftly and decisively to protect the welfare of our people during times of global instability,” he added.

Marcos said he could seek emergency powers from Congress to cut fuel excise taxes if the conflict continues.

Lacson noted that the Philippines, like many countries, remains vulnerable to external shocks in the global energy market.

With tensions in the region threatening to push crude oil prices beyond the $80-per-barrel threshold, Lacson said the proposed measure provides the government with a necessary policy tool to act swiftly and cushion the impact on Filipino consumers, especially those in the transport, agriculture, and other essential sectors.

He commended the President for taking early action to mitigate the possible effects of external shocks on the Philippine economy.

At a time when geopolitical tensions threaten economic stability across the world, the governor stressed that preparedness and responsiveness are essential.

The provincial government said that they are ready to support national efforts that safeguard the welfare of the people and ease the burden brought about by rising fuel costs.