Senate OK on fuel excise tax bill seenBefore Congress goes on recessMANILA, Philippines — The Senate is aiming to pass the proposed measure granting President Marcos the power to suspend or reduce fuel excise taxes before this week’s congressional recess, with lawmakers hoping to skip the bicameral conference by directly adopting either the House or the Senate version to expedite the bill’s signing into law. Cayetano said the Senate is waiting for the House of Representatives to formally transmit its approved version of the bill. Meanwhile, Senate President Pro Tempore Panfilo Lacson said he will push for amending the National Internal Revenue Code, in order to shorten the current three-month waiting period before suspending the excise tax on fuel. “We cannot wait three months before suspending the imposition of an excise tax,” he told radio dzMM yesterday, stressing that he will push for the amendment during plenary debates this week. “So as big as P10 per liter can be shaved off the prices of petroleum products once the excise tax is suspended.

Source: Philippine Star March 14, 2026 23:30 UTC