HB 8358

House·20th Congress·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

In plain language

The bill lets the President temporarily cut or lower fuel excise taxes when world crude oil tops US $80 per barrel or a major supply disruption hits the Philippines, and it adds inventory rules, a strategic reserve, limited weekly price hikes, and a voucher fund for vulnerable commuters and farmers.

EnergyTaxationPublic Works and Infrastructure

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

Author · Representative

Ferdinand L. HernandezReceipts →

Official sources

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

HB 8257· Filed Mar 3, 2026
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
Substituted by HB08418Rep. Atty. Miro S. Quimbo
HB 8394· Filed Mar 10, 2026
An Act Authorizing the President of the Philippines to Temporarily Suspend or Reduce Excise Taxes And/Or Value-Added Tax on Petroleum Products When Global Oil Prices Exceed Specified Thresholds
Pending with the Committee on WAYS AND MEANS since 2026-03-16Rep. Gerald Cloyd Alexis V. Galang
HB 8418· Filed Mar 10, 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
Became law · RA 12316Rep. Faustino III G. Dy +33
HB 8292· 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
Substituted by HB08418Rep. Faustino III G. Dy +1
HB 5961· 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
Substituted by HB08418Rep. Ryan S. Recto

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HB08358 · Sources: BatasWatch