SB 2026

Senate·20th Congress·Filed Apr 7, 2026

Emergency Oil Price Stabilization Act

An Act Establishing the Emergency Oil Price Stabilization Fund, Repealing for the Purpose Republic Act No. 8479, Otherwise Known as the Downstream Oil Industry Deregulation Act of 1998 and Appropriating Funds Therefor

In plain language

The bill creates a fund to help keep gasoline prices stable when world oil prices rise sharply, sets a trigger at US$80 per barrel for five days, limits oil companies’ profit to 12 %, and requires monthly reporting to Congress.

EnergyPublic Works and Infrastructure

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

Author · Senator

Robinhood PadillaReceipts →

Official sources

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

HB 8377· Filed Mar 9, 2026
An Act Establishing the Oil Price Stabilization Fund, Repealing for the Purpose Republic Act No. 8479, Otherwise Known as the �downstream Oil Industry Deregulation Act of 1998�, and Appropriating Funds Therefor
Pending with the Committee on ENERGY since 2026-03-11Rep. Omar Vincent Sangkola Duterte +1
HB 8244· Filed Mar 3, 2026
An Act Providing for an Emergency Oil Price Stabilization Mechanism During Global Energy Supply Shocks, Establishing Automatic Price-Triggered Suspension of Excise Taxes on Petroleum Products, Providing Safeguards Against Windfall Profits, Creating a Strategic Petroleum Reserve Program, and Amending for This Purpose Section 148 of the National Internal Revenue Code of 1997, as Amended
Substituted by HB08418Rep. Jesus "Bong" C. Suntay
HB 8839· Filed Apr 13, 2026
An Act Creating the Fuel Regulatory Board and Establishing an Oil Price Stabilization Fund and Strategic Petroleum Reserve, Thereby Repealing Provisions of Republic Act No. 8479, Otherwise Known as the "Downstream Oil Industry Deregulation Act of 1998"
Pending with the Committee on ENERGY since 2026-05-04Rep. Joel R. Chua
HB 8758· Filed Mar 24, 2026
An Act Establishing a Mechanism for the Temporary Suspension of Toll Fees During Periods of High Global Oil Prices and for Other Purposes
Pending with the Committee on TRANSPORTATION since 2026-05-04Rep. Eric L. Olivarez
SB 1942· Filed Mar 9, 2026
Fuel Price Relief Act
Consolidated/substituted in the committee reportSen. Loren B. Legarda

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SBN-2026 · Sources: BatasWatch