HB 8377

House·20th Congress·Filed Mar 9, 2026

An Act Establishing the Oil Price Stabilization Fund, Repealing for the Purpose Republic Act No. 8479, Otherwise Known as the “downstream Oil Industry Deregulation Act of 1998”, and Appropriating Funds Therefor

In plain language

The bill would cancel the 1998 oil deregulation law and create a new fund, managed by the President, to help keep gasoline and diesel prices stable, with a budget of ten billion pesos.

Energy

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 8824· Filed Apr 6, 2026
An Act Amending Republic Act No. 8479, Otherwise Known as the �downstream Oil Industry Deregulation Act of 1998�, Ensuring Competition in the Industry, Strengthening Consumer Protection and Government Enforcement, Authorizing Temporary Tax Relief on Fuel Products, and Establishing an Emergency Oil Price Stabilization Fund, and for Other Purposes
Pending with the Committee on ENERGY since 2026-05-04Rep. Leila M. De Lima
SB 2045· Filed Apr 15, 2026
Granting the President the Power to Lower the Rate of Value-Added Tax on Petroleum Products
Pending in the committeeSen. Imee R. Marcos
SB 120· Filed Jul 3, 2025
Granting the President the Power to Reduce or Suspend VAT on Petroleum Products
Consolidated/substituted in the committee reportSen. Imee R. Marcos
SB 2026· Filed Apr 7, 2026
Emergency Oil Price Stabilization Act
Pending in the committeeSen. Robinhood Padilla
HB 8839· Filed Apr 13, 2026
An Act Creating the Fuel Regulatory Board and Establishing an Oil Price Stabilization Fund and Strategic Petroleum Reserve, Thereby Repealing Provisions of Republic Act No. 8479, Otherwise Known as the "Downstream Oil Industry Deregulation Act of 1998"
Pending with the Committee on ENERGY since 2026-05-04Rep. Joel R. Chua

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HB08377 · Sources: BatasWatch