HB 8560

House·20th Congress·Filed Mar 16, 2026

An Act Authorizing the President, Under Clear and Limited Conditions, to Temporarily Reduce or Suspend the Imposition of Excise Taxes on Certain Petroleum Products During Extraordinary Global Oil Prices Shocks, Providing Safeguards and Congressional Oversight, and for Other Purposes

In plain language

The proposal would let the President temporarily cut or suspend fuel excise taxes when global oil prices surge, with safeguards and congressional oversight.

TaxationEnergyPublic Works and Infrastructure

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

Author · Representative

Christopherson "Coco" M. YapReceipts →

Official sources

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

HB 8359· Filed Mar 9, 2026
An Act Granting the President Limited Authority to Temporarily Suspend or Reduce Excise Taxes on Petroleum Products During National or Global Emergencies, Amending for the Purpose Section 148 of the National Internal Revenue Code of 1997, as Amended by Republic Act No. 10963 (Train Law)
Pending with the Committee on WAYS AND MEANS since 2026-03-11Rep. Julienne "Jam" L. Baronda
HB 8341· Filed Mar 9, 2026
An Act Amending Section 148 of the National Internal Revenue Code (Nirc), as Amended, Allowing the Automatic Suspension of Excise Tax of Fuels
Pending with the Committee on WAYS AND MEANS since 2026-03-11Rep. Kristine Singson-Meehan
HB 8348· Filed Mar 9, 2026
An Act Authorizing the President to Temporarily Suspend or Reduce Excise Taxes on Petroleum Products During Extraordinary Global Oil Price Shocks, Providing a Fuel Price Stabilization Mechanism, and for Other Purposes
Pending with the Committee on WAYS AND MEANS since 2026-03-11Rep. Eric L. Olivarez
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 1938· Filed Mar 9, 2026
Suspension or Reduction of Excise Taxes And/Or Value-Added Tax on Petroleum Products
Consolidated/substituted in the committee reportSen. Francis "Chiz" G. Escudero

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HB08560 · Sources: BatasWatch