HB 8348

House·20th Congress·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

In plain language

The bill lets the President temporarily cut or suspend fuel excise taxes when global oil prices spike sharply, with the goal of keeping gasoline and diesel prices stable for consumers.

EnergyTaxationPublic Works and Infrastructure

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

Author · Representative

Eric L. OlivarezReceipts →

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
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
HB 8358· Filed Mar 9, 2026
An Act Amending Section 148 of the National Internal Revenue Code (Nirc), as Amended, Granting the President the Authority to Suspend Excise Tax on Diesel, Gasoline, Lpg, Kerosene, Fuel Oil, and Bunker Oil, and for Other Purposes
Pending with the Committee on WAYS AND MEANS since 2026-03-11Rep. Ferdinand L. Hernandez
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
HB 8261· Filed Mar 3, 2026
An Act Providing for the Temporary Suspension or Reduction of Excise Taxes on Regular Gasoline, Unleaded Premium Gasoline, and Diesel, Amending for the Purpose Section 148 of the National Internal Revenue Code, as Amended
Substituted by HB08418Rep. Eduardo "Bro. Eddie" C. Villanueva

Spot something wrong?

HB08348 · Sources: BatasWatch

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

In plain language

Author · Representative

Official sources

Related bills · 20th Congress

Related bills · 20th Congress