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House OKs bill allowing Marcos to tweak excise tax on fuel on 2nd reading

11 March 2026
in Business
Reading Time: 4 mins read
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House OKs bill allowing Marcos to tweak excise tax on fuel on 2nd reading
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By Kenneth Christiane L. Basilio, Reporter

THE HOUSE of Representatives on Wednesday passed on second reading a bill authorizing President Ferdinand R. Marcos, Jr. to suspend or cut excise taxes on fuel and other petroleum products.

This comes a day after the House Committee on Ways and Means first took it up as lawmakers aim to equip the government with tools to rein in surging oil prices.

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