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Manila Bulletin devider Philippines devider National devider Approval of twin measures to help Marcos tame fuel price shocks--Speaker Dy

Approval of twin measures to help Marcos tame fuel price shocks--Speaker Dy

Published Mar 17, 2026 03:16 pm

At A Glance

  • Speaker Faustino "Bojie" Dy III says the passage of two key measures on third and final reading is the House of Representatives' way of helping provide President Marcos with stronger policy tools to mitigate the fuel price crisis.
House Speaker Faustino "Bojie" Dy III (left), President Ferdinand "Bongbong" Marcos Jr. (Facebook)
House Speaker Faustino "Bojie" Dy III (left), President Ferdinand "Bongbong" Marcos Jr. (Facebook)


Speaker Faustino "Bojie" Dy III says the passage of two key measures on third and final reading is the House of Representatives' way of helping provide President Marcos with stronger policy tools to mitigate the fuel price crisis.
The measures, House Bill (HB) Nos. 8418 and 8469, authorize the President to temporarily suspend or reduce fuel excise taxes and to suspend mandatory biofuel blending under the Biofuels Act of 2006, respectively, as a way to help cushion the impact of global oil price spikes amid tensions in the Middle East.
The twin measures were overwhelmingly approved during plenary session Monday night, March 17.
“These measures give our President stronger and more flexible tools to protect Filipinos from fuel price shocks,” Dy said in a statement.
“When global oil prices surge, government must be able to act quickly to stabilize pump prices and shield families, commuters, and businesses from its ripple effects," added the Isabela 6th district representative.
Dy said the final passage of HB Nos. 8418 and 8469,--earlier certified as urgent pieces of legislation by Malacañang--reflected the House's commitment to support President Marcos’ efforts to safeguard the economy amid geopolitical tensions affecting global energy markets.
“The goals of these twin measures is to protect the purchasing power of every Filipino household and ensure the stability of our economy. By giving the President these tools, we are strengthening government’s ability to keep fuel prices manageable during times of global uncertainty," the House leader said.
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