The bill creates a state‑run oil reserve equal to 120 % of the country’s 90‑day fuel needs, funded by a portion of excise taxes, with special procurement and tax exemptions, and gives the President power to suspend the program under defined price and supply conditions.
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/HB08978. Status changes over time; check the link for the latest.
HB08978 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.