Citing the “extraordinary” circumstances caused by the war in Iran, Senate President Pro Tempore Panfilo “Ping” M. Lacson on Tuesday pushed for a shorter time for the President before suspending – or restoring – the excise tax on fuel upon the recommendation of the Development Budget Coordination Committee (DBCC).
Lacson suggested to reduce the period to average the Dubai crude oil price based on Mean of Platts Singapore (MOPS) from the present one month to two weeks before suspending excise taxes, so consumers can immediately feel some relief from rising fuel costs.
“With all due respect, two weeks is not irrelevant. It has a big effect on consumers. Ang two weeks na matitipid mo sa pagkarga ng gas, malaking bagay yan (With all due respect, a two-week difference is not irrelevant. It has a big effect on consumers. Two weeks where they can save on fuel prices is a big deal),” he said during his interpellation of Senate Bill 1982, allowing the automatic suspension or reduction of excise tax on petroleum products.
In Filipino: Lacson, Isinulong ang Mas Maikling Panahon para Aksyunan sa Excise Fuel Taxes
Continue reading “Lacson Pushes Shorter Time to Act on Excise Fuel Taxes”



