MANILA, Philippines — Amid the raging conflict in the Middle East and its anticipated impact on consumer oil prices, President Marcos is eyeing “special powers” from Congress to lower the excise tax on fuel. He stressed that the option to reduce excise tax is “an emergency measure.”“I will discuss it with the leadership of Congress and to see if it’s going to be an emergency measure. Show of supportSeveral senators and congressmen have already shown support for the lowering of excise tax on fuel. “I am in favor of granting the President those powers to be able to lower the excise tax on fuel. House Assistant Minority Leader and Gabriela Women’s Party Rep. Sarah Elago said both excise tax and VAT on oil should be scrapped.
