HB 8244

House·20th Congress·Filed Mar 3, 2026

An Act Providing for an Emergency Oil Price Stabilization Mechanism During Global Energy Supply Shocks, Establishing Automatic Price-Triggered Suspension of Excise Taxes on Petroleum Products, Providing Safeguards Against Windfall Profits, Creating a Strategic Petroleum Reserve Program, and Amending for This Purpose Section 148 of the National Internal Revenue Code of 1997, as Amended

In plain language

The bill would temporarily stop excise and value‑added taxes on fuel when world oil prices jump sharply, create a 30‑day strategic oil reserve, and allow a special tax on oil firms that make extra profit during the suspension.

EnergyTaxation

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

Author · Representative

Jesus "Bong" C. SuntayReceipts →

Official sources

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

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 1940· Filed Mar 9, 2026
Suspension or Reduction of Excise Taxes on Petroleum Products
Consolidated/substituted in the committee reportSen. Francis "Kiko" N. Pangilinan
HB 8348· Filed Mar 9, 2026
An Act Authorizing the President to Temporarily Suspend or Reduce Excise Taxes on Petroleum Products During Extraordinary Global Oil Price Shocks, Providing a Fuel Price Stabilization Mechanism, and for Other Purposes
Pending with the Committee on WAYS AND MEANS since 2026-03-11Rep. Eric L. Olivarez
HB 8359· Filed Mar 9, 2026
An Act Granting the President Limited Authority to Temporarily Suspend or Reduce Excise Taxes on Petroleum Products During National or Global Emergencies, Amending for the Purpose Section 148 of the National Internal Revenue Code of 1997, as Amended by Republic Act No. 10963 (Train Law)
Pending with the Committee on WAYS AND MEANS since 2026-03-11Rep. Julienne "Jam" L. Baronda
SB 1922· Filed Mar 3, 2026
Temporary Suspension or Reduction of Excise Tax on Fuel
Consolidated/substituted in the committee reportSen. Joel Villanueva

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HB08244 · Sources: BatasWatch

In plain language

Author · Representative

Official sources

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