The bill would automatically suspend excise taxes on all gasoline and diesel when the world price of Dubai crude reaches US$80 per barrel, and restore the tax after five days of lower prices; it also sets reporting, fiscal caps and penalties, and expires after three years.
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/HB08419. Status changes over time; check the link for the latest.
HB08419 · Sources: BatasWatch
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.