HB 5961

House·20th Congress·Filed Nov 13, 2025

An Act Granting the President of the Philippines Power to Suspend or Reduce the Excise Tax on Petroleum Products During National or Global Economic Emergencies, Amending for the Purpose Section 148 of the National Internal Revenue Code of 1997, as Amended

In plain language

The bill would let the President cut or pause the fuel excise tax by up to half whenever global oil prices hit $80 a barrel, after a recommendation from the finance secretary and a review of inflation and revenue effects.

TaxationEnergyPublic Order and Safety

Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.

Author · Representative

Ryan S. RectoReceipts →

Official sources

Similar in what they’d do, filed by any lawmaker.

HB 8560· Filed Mar 16, 2026
An Act Authorizing the President, Under Clear and Limited Conditions, to Temporarily Reduce or Suspend the Imposition of Excise Taxes on Certain Petroleum Products During Extraordinary Global Oil Prices Shocks, Providing Safeguards and Congressional Oversight, and for Other Purposes
Pending with the Committee on WAYS AND MEANS since 2026-03-18Rep. Christopherson "Coco" M. Yap
SB 1938· Filed Mar 9, 2026
Suspension or Reduction of Excise Taxes And/Or Value-Added Tax on Petroleum Products
Consolidated/substituted in the committee reportSen. Francis "Chiz" G. Escudero
SB 1982· Filed Mar 16, 2026
Automatic Suspension or Reduction of Excise Tax on Petroleum Products
Approved by the president of the philippinesSen. Jv Ejercito
HB 8341· Filed Mar 9, 2026
An Act Amending Section 148 of the National Internal Revenue Code (Nirc), as Amended, Allowing the Automatic Suspension of Excise Tax of Fuels
Pending with the Committee on WAYS AND MEANS since 2026-03-11Rep. Kristine Singson-Meehan
SB 1927· Filed Mar 4, 2026
Automatic Suspension or Reduction of Excise Tax on Fuels
Consolidated/substituted in the committee reportSen. Pia S. Cayetano

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HB05961 · Sources: BatasWatch