HB 8418: 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

House·20th Congress·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

Now law

Republic Act No. 12316

Signed into law on Mar 25, 2026. Laws usually take effect 15 days after they’re published.

Read the signed law (PDF)

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Status

Republic Act RA12316 enacted on 2026-03-25

What does this mean?

This bill is now law.

Filed
Committee
Debate
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Other chamber
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President
Law

How a bill becomes law →

Status history

No changes since we started checking daily on Oct 4, 2026.

Primary committee

Authors · 34 Representatives

In plain language

The bill would let the President temporarily lower or stop fuel excise taxes when oil prices are high or a national emergency drives up pump prices, for up to six months at a time and no more than one year in total, with automatic reinstatement afterward.

TaxationEnergyPublic Works and Infrastructure

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

HB 8418

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

Authors · 34 Representatives

Official sources

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