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PolPHIL supports Bam Aquino’s call to suspend fuel excise tax amid oil price surge

admin March 5, 2026

THE People’s Progressive Humanist Liberal Party (PolPHIL) has publicly voiced its strong support for Senator Bam Aquino’s urgent call to suspend the fuel excise tax amid the looming surge in oil prices driven by the escalating Iran–United States conflict, which has now involved multiple Middle Eastern countries.

In a statement, Ricardo Serrano, PolPHIL Secretary-General, emphasized the importance of the proposal, stating, “Senator Aquino’s call is both a logical and necessary step to address the impending economic hardship. The proposal aligns with President Ferdinand Marcos Jr.’s plan to halt fuel taxes, provided Congress receives the necessary emergency powers.

Serrano highlighted that suspending the fuel excise tax is not only a sound economic measure but also a crucial social safeguard for millions of Filipinos who will be most affected by rising fuel costs. “This is an urgent form of social protection for our people—particularly commuters, transport workers, small entrepreneurs, farmers, and fisherfolk,” he added.

Elmer Argaño, PolPHIL Vice Chairman, echoed similar sentiments, urging Congress to act swiftly. “If lawmakers were able to quickly transmit the impeachment complaint against Vice President Sara Duterte in the past, they should be even more decisive now. The time to act is now—to protect Filipinos from the severe impact of surging oil prices,” Argaño stated.

The leaders also called for immediate government measures to develop a comprehensive plan for Overseas Filipino Workers (OFWs) in the Middle East, many of whom face dangers due to the ongoing conflict. “Monitoring the situation is not enough. The government must prepare a fully operational contingency plan, including repatriation mechanisms and livelihood support for returning workers and their families,” Argaño emphasized.

In closing, Serrano reiterated the need for leadership during times of crisis, saying, “The true measure of leadership is how quickly and sincerely it acts for those most affected. Congress now has the opportunity to prioritize the interests of the Filipino people above political calculations.”

Tags: fuel excise tax polphil

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Source: USD/PHP @ Fri, 17 Apr.

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