SB 1938

Senate·20th Congress·Filed Mar 9, 2026

Suspension or Reduction of Excise Taxes And/Or Value-Added Tax on Petroleum Products

An Act Authorizing the President of the Philippines to Temporarily Suspend or Reduce Excise Taxes And/Or Value-Added Tax on Petroleum Products When Global Oil Prices Exceed Specified Thresholds

In plain language

The bill lets the President cut or pause excise and value‑added taxes on fuel by up to half whenever the monthly average Dubai crude price goes above US $80 per barrel, or if a serious supply disruption is certified.

TaxationEnergyPublic Works and Infrastructure

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

Author · Senator

Francis "Chiz" G. EscuderoReceipts →

Official sources

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

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
SB 1927· Filed Mar 4, 2026
Automatic Suspension or Reduction of Excise Tax on Fuels
Consolidated/substituted in the committee reportSen. Pia S. Cayetano
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
HB 8261· Filed Mar 3, 2026
An Act Providing for the Temporary Suspension or Reduction of Excise Taxes on Regular Gasoline, Unleaded Premium Gasoline, and Diesel, Amending for the Purpose Section 148 of the National Internal Revenue Code, as Amended
Substituted by HB08418Rep. Eduardo "Bro. Eddie" C. Villanueva
HB 8351· Filed Mar 9, 2026
An Act Allowing the Automatic Suspension or Reduction of Excise Tax on Fuels, Amending for the Purpose Article 148 of the National Internal Revenue Code of 1997, as Amended
Pending with the Committee on WAYS AND MEANS since 2026-03-11Rep. Eric Go Yap

Spot something wrong?

SBN-1938 · Sources: BatasWatch