THE House of Representatives is now one step away from making into law a measure that would allow the government to suspend or reduce excise taxes on fuel amid spikes in global oil prices, House Majority Leader Ferdinand Alexander “Sandro” A. Marcos Jr. said Wednesday.
Marcos said the proposed law would give the president the flexibility to act during periods of extraordinary price increases, as lawmakers moved to finalize the measure.
“We are now just one step away from enacting into law a vital measure that will give the President the flexibility to suspend or reduce excise taxes on fuel during times of extraordinary price increases,” Marcos said after the House of Representatives adopted the Senate version of the measure.
The House, he added, moved with urgency in light of mounting pressure on households and businesses grappling with rising fuel costs.
“The House has acted with urgency, mindful of the growing burden on Filipino families and businesses. This measure ensures that the government can respond swiftly, decisively, and responsibly when global conditions place pressure on domestic prices,” he said.
Marcos expressed hope that the measure would soon be enacted into law, allowing immediate relief to reach consumers.
“We remain hopeful that this will soon be enacted so that the necessary relief can be delivered at the soonest possible time,” he said.
He stressed that steady leadership and prompt action are crucial in addressing economic pressures faced by ordinary Filipinos.
“Sa ganitong panahon, mahalaga ang mahinahong pamumuno at agarang pagkilos—para sa kapakanan ng bawat Pilipino,” Marcos said.
metrosundaily
