HB 8292

House·20th Congress·Filed Mar 4, 2026

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

In plain language

The proposal would let the President temporarily lower or stop fuel taxes when oil prices spike or a national emergency drives up local fuel costs, with a maximum suspension of six months and a requirement to report the effects to Congress.

TaxationEnergyPublic Order and Safety

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

Authors · 2 Representatives

Official sources

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

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 2043· Filed Apr 15, 2026
Temporarily Suspending or Reducing the Imposition of Value-Added Tax (VAT) on Petroleum Products
Pending in the committeeSen. Loren B. Legarda
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 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 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

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HB08292 · Sources: BatasWatch