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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The House of Representatives has approved a bill on second reading granting President Marcos special powers to suspend or reduce excise taxes on fuel to cushion the impact of soaring oil prices due to the Middle East conflict. This measure is part of broader government efforts to protect Filipinos from potential increases in commodity prices. Meanwhile, the Department of Transportation is studying a possible fare hike for public transport.
The Senate approved on third reading a bill granting President Marcos emergency powers to suspend or reduce fuel excise taxes. It passed with 17 affirmative votes and no negative votes or abstentions. Bicameral talks are expected today before the congressional break.
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The House Committee on Ways and Means has approved a substitute bill empowering President Bongbong Marcos to suspend or reduce excise taxes on petroleum products amid surging fuel prices due to the escalating Middle East conflict.
Following initial DOE warnings earlier this week, local oil retailers in the Philippines will implement double-digit fuel price increases of P17 to P24 per liter starting March 10, amid ongoing Middle East tensions. President Marcos plans to seek emergency powers to cut excise taxes.
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Malacañang has acknowledged the efforts of local government units and the private sector to mitigate the effects of the Middle East crisis, particularly on vulnerable groups. Executive Secretary Ralph Recto highlighted initiatives like boosting fuel supplies and providing free transportation. He described these as a synergy ensuring the nation's energy security amid external pressures.
A total of 425 out of 14,485 gas stations nationwide were temporarily closed as of March 27 due to the fuel crisis triggered by the Iran war, according to the Philippine National Police. The Cordillera Administrative Region recorded the highest number at 79, while President Ferdinand Marcos Jr. declared a national energy emergency.
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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.