The proposal would let the President, after a recommendation from the Development Budget Coordination Committee, automatically suspend or cut fuel excise taxes when the average Dubai crude price (MOPS) stays at or above US $80 per barrel for a month, and lift the suspension when the price falls below that level.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB08351. Status changes over time; check the link for the latest.
HB08351 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.