HB 8494

House·20th Congress·Filed Mar 12, 2026

An Act Establishing an Automatic Fuel Tax Relief and Pump Price Subsidy Mechanism During Extraordinary Global Oil Price Surges

In plain language

The SAGIP PRESYO Act creates automatic tax suspensions and a 10 % pump‑price subsidy when world crude oil prices hit USD 80, 100, or 140 per barrel, respectively, and funds the subsidy from tax savings and other government sources.

TaxationEnergyPublic Works and Infrastructure

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

Author · Representative

Edgar R. EriceReceipts →

Official sources

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

SB 1935· Filed Mar 5, 2026
Automatic Suspension of Value-Added Tax and Excise Taxes on Fuel
Consolidated/substituted in the committee reportSen. Erwin T. Tulfo
HB 8419· Filed Mar 10, 2026
An Act Establishing an Automatic Price-Triggered Excise Tax Relief Mechanism for Petroleum Products, Amending for the Purpose Section 148 of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes
Pending with the Committee on WAYS AND MEANS since 2026-03-16Rep. Loreto S. Amante
SB 1982· Filed Mar 16, 2026
Automatic Suspension or Reduction of Excise Tax on Petroleum Products
Approved by the president of the philippinesSen. Jv Ejercito
SB 2026· Filed Apr 7, 2026
Emergency Oil Price Stabilization Act
Pending in the committeeSen. Robinhood Padilla
SB 1522· Filed Nov 12, 2025
Automatic Suspension of Excise Taxes on Petroleum Products
Consolidated/substituted in the committee reportSen. Manuel "Lito" M. Lapid

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HB08494 · Sources: BatasWatch

An Act Establishing an Automatic Fuel Tax Relief and Pump Price Subsidy Mechanism During Extraordinary Global Oil Price Surges

In plain language

Author · Representative

Official sources

Related bills · 20th Congress

Related bills · 20th Congress