3월 12일 목요일, 페르디난드 마르코스 2세 대통령은 석유 제품 소비세를 유예하거나 인하할 긴급 권한을 부여하는 법안을 '긴급'으로 지정했다. 이 조치는 중동 긴장 속 치솟는 유가에 대응하기 위한 것이다. 윈 가찰리아안 상원의원은 정부 수입 1,360억 페소 손실 등 단점을 경고했다.
하원 의장 보지 디에게 보낸 서한에서 페르디난드 마르코스 2세 대통령은 하원 법안 8418의 즉시 제정이 필요하다고 인증했다. 이 법안은 1997년 국가납세코드(National Internal Revenue Code of 1997)를 개정하여 국가적 또는 글로벌 경제 비상사태 기간 동안 대통령이 석유 제품 소비세를 유예하거나 인하할 권한을 부여한다. 마르코스 대통령은 이것이 '정부가 특별한 유가 변동성에 신속히 대응하고 심각한 경제 혼란 기간 동안 국내 유가를 안정화할 수 있게 할 것'이라고 밝혔다.
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Oil firms confirmed price rollbacks effective 6 a.m. Tuesday, April 14, matching Department of Energy projections: diesel down P20.89 to P23 per liter, gasoline P4.43 to P4.50, and kerosene P8.50. The cuts end surges of over P100 on diesel since late February's Middle East crisis. President Marcos suspended excise taxes on LPG and kerosene, while a jeepney subsidy launches.
In response to ongoing fuel price volatility from Middle East tensions and global oil surges, President Ferdinand Marcos Jr. issued Executive Order No. 114 on April 16, 2026, suspending excise taxes on liquefied petroleum gas (LPG) and kerosene for three months to ease burdens on Filipino households, following economic managers' defense of targeted relief.
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President Ferdinand Marcos has directed all government agencies to strictly implement cuts in power and fuel use amid rising oil prices from the Middle East conflict. Executive Secretary Ralph Recto emphasized that compliance is mandatory across the bureaucracy. Inspections have already covered over 1,000 offices.
President Ferdinand Marcos Jr. urged Southeast Asian nations to activate and test their fuel-sharing pact, citing vulnerabilities exposed by the Middle East conflict for import-dependent economies. The Department of Energy said another round of fuel rollbacks remains possible next week, though officials cautioned against assuming the downtrend will hold amid global oil market volatility. DOE also ordered fuel firms to report storage capacities to prepare for disruptions.
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Senator Sherwin Gatchalian is urging the government to mobilize an inter-agency response to protect jobs and provide financial lifelines to micro, small, and medium enterprises struggling from the economic fallout of the Middle East conflict. He warns that the current fuel crisis will severely impact the labor market.
The Marcos administration has lowered port and toll fees to mitigate oil price shocks from Middle East tensions, Malacañang announced yesterday. Executive Secretary Ralph Recto urged national agencies and local governments to help truckers of farm produce benefit from the toll and port fee holiday to ease food and transport costs.
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President Lula's government presented a bill to Congress on April 23, 2026, allowing PIS/Cofins cuts on gasoline, ethanol, diesel, and biodiesel using extraordinary oil revenues. The measure addresses a 61% rise in gasoline import costs driven by the war in Iran, per ANP data. Officials state the cuts will be partial and temporary, possibly for two months.