3月12日星期四，费迪南德·马科斯 Jr. 总统将一项赋予他紧急权力以暂停或降低石油产品消费税的法案认证为紧急法案。此举旨在应对中东紧张局势引发的燃料价格飙升。温·加奇阿里安参议员警告称，这将带来权衡取舍，包括政府可能损失1360亿比索收入。
在给众议院议长博吉·迪的信中，费迪南德·马科斯 Jr. 总统认证了众议院法案8418立即颁布的必要性，该法案授权总统在国家和全球经济紧急情况下暂停或降低石油产品消费税，修改1997年《国家内部收入法》。马科斯表示，这将“允许政府迅速应对异常燃料价格波动，并在严重经济中断期间稳定国内燃料价格”。 该法案旨在缓解燃料价格上涨对民众的影响。
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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.