The Philippines’ House of Representatives on Monday approved a bill authorizing the president to suspend or reduce the excise taxes on petroleum products during economic emergencies.
The lower house passed the measure less than two weeks after President
The proposed law, which still requires Senate approval, is aimed at allowing the government “to respond promptly to extraordinary fuel price volatility and stabilize domestic fuel prices during the period of severe economic disruptions,” Marcos said in a letter to lawmakers.
The ...