Marcos certifies Biofuels Act amendment bill as urgent
President Marcos has certified as urgent a bill seeking to amend the Biofuels Act of 2006 to help cushion the impact of rising fuel prices and strengthen the country’s energy resilience.
In a letter dated March 16 addressed to Senate President Vicente Sotto III, Marcos certified the immediate enactment of Senate Bill No. 1965, which seeks to amend Section 5 of the Biofuels Act of 2006.
According to the certification, the bill aims to mitigate the impact of rising fuel prices amid escalating geopolitical tensions and volatility in global oil markets.
It also seeks to strengthen the country’s resilience against future disruptions to energy supply.
Under the Constitution, a presidential certification allows Congress to bypass the usual requirement of three readings on separate days, enabling lawmakers to accelerate the passage of urgent legislation.
The Biofuels Act of 2006 established the government’s policy to reduce dependence on imported fossil fuels by promoting the development and use of locally produced biofuels.
Among others, the law mandates the blending of bioethanol with gasoline and biodiesel with diesel to promote renewable energy, support local agriculture, and reduce greenhouse gas emissions.
The proposed amendments are expected to enhance the country’s capacity to respond to fuel price shocks while promoting alternative and renewable fuel sources.
President Marcos’ urgent certification of the bill amending the Biofuels Act of 2006 is the latest step in the government’s efforts to cushion the effects of the rising fuel prices brought about by the ongoing armed conflict in the Middle East.
Last week, Marcos certified as urgent a bill authorizing the president to suspend or reduce excise taxes on petroleum products during national or global economic emergencies. This will allow the government to respond quickly to extraordinary volatility in global fuel prices.
According to the certification, the proposed law aims to help stabilize domestic fuel prices and enable the government to respond promptly to fluctuations in global oil markets.
The certification follows the administration’s earlier proposal seeking emergency powers to address spikes in global oil prices due to the tension in the Middle East.
Marcos said the government’s request for emergency powers is intended to give the executive branch flexibility to act quickly if global oil prices surge.
He explained that the proposed measure would allow the government to exercise emergency powers if oil prices breach a certain threshold.