Suspending the excise tax offers a better respite than telling oil companies to fully implement a fuel price rollback, Senator Risa Hontiveros said on Monday, April 20. Hontiveros pointed this out in response to President Ferdinand “Bongbong” Marcos, Jr.’s directive for oil companies to...
Why were gasoline and diesel not part of the excise tax suspension on petroleum products on Monday, April 13? President Marcos said these will be discussed during a meeting with the UPLIFT Committee on Tuesday. "That 's to be discussed tomorrow," he said when asked in a press briefing,...
President Marcos is expected to announce his decision on the fuel excise tax cut on Tuesday, April 14, as the law granting him emergency powers to either reduce or suspend excise taxes on petroleum products has already taken effect. Marcos has yet to decide on the excise tax cut despite the...
The government is maintaining its ₱360 billion excise tax target for this year, betting on domestic resilience even as the government prepares to potentially sacrifice billions in fuel revenue to offset Middle East oil shocks. This comes despite the likelihood that President Ferdinand Marcos Jr....
Senator Christopher “Bong” Go on Thursday, April 2, called on the government to implement a more responsive fuel relief mechanism in light of the oil price surges. Go, made the appeal even after the President’s signing of the law temporarily suspending excise tax, raising concerns over...
President Marcos has signed the law giving him emergency powers to suspend or reduce excise tax on petroleum products. Marcos signed Republic Act (RA) No. 12316 on Wednesday, March 25, fulfilling what he said earlier in the day that he would be signing the measure into law within the day. Under...
President Marcos said he might sign the bill seeking to suspend the fuel excise tax by Wednesday, March 25. In a press conference in Malacañan on Wednesday afternoon, Marcos confirmed that he has received the copy of the bill. "Natapos na ang kanilang pag-aaral doon sa batas na 'yan at nasa...
