SB 1923

Senate·20th Congress·Filed Mar 3, 2026

Granting the President the Power to Suspend the Excise Tax on Petroleum Products

An Act Granting the President of the Philippines Power to Suspend the Excise Tax on Petroleum Products During National or Global Economic Emergencies, Amending for the Purpose Section 148 of the National Internal Revenue Code of 1997, as Amended

In plain language

The bill would let the President temporarily stop the fuel excise tax when a national emergency or a severe global economic shock occurs, especially if oil prices stay above $80 per barrel for three months.

TaxationEnergyPublic Order and Safety

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

Author · Senator

Bam AquinoReceipts →

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 8560· 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
Pending with the Committee on WAYS AND MEANS since 2026-03-18Rep. Christopherson "Coco" M. Yap
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
HB 8257· Filed Mar 3, 2026
An Act Granting the President of the Philippines Power to Suspend or Reduce the Excise Tax on Petroleum Products During National or Global Economic Emergencies, Amending for the Purpose Section 148 of the National Internal Revenue Code of 1997, as Amended
Substituted by HB08418Rep. Atty. Miro S. Quimbo
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

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SBN-1923 · Sources: BatasWatch