Excise tax suspension seen as oil shock bufferFrom AB Capital's The Opening Bell: Three MovesEventPresident Marcos certified as urgent a bill allowing temporary suspension or reduction of fuel excise taxes amid surging oil prices linked to Middle East tensions. The measure aims to stabilize domestic pump prices and mitigate inflationary pressure from global crude volatility. ViewIn our view, the proposal reflects policymakers’ concern that rising fuel costs could quickly feed through to transport, logistics, and food distribution. As a net oil importer, the Philippines remains highly sensitive to global crude swings and second-round inflation effects. CatalystIf enacted, excise tax suspension could moderate near-term pump prices and reduce headline inflation pressures.

Source: Philippine Star March 13, 2026 06:55 UTC