Philippines: House Approves Emergency Powers to Cut Fuel Tax | Marcos Seeks Authority to Lower Oil Prices

Philippines: House Approves Emergency Powers to Cut Fuel Tax | Marcos Seeks Authority to Lower Oil Prices

Manila, Philippines – The House of Representatives has moved closer to granting President Ferdinand Marcos Jr. Special powers to mitigate the impact of soaring fuel prices on Filipino consumers. Lawmakers approved on second reading House Bill (HB) No. 8418, which would authorize the President to suspend or reduce excise taxes on fuel during periods of … Read more