It also provides for the automatic reinstatement of the excise tax rates after the period ends without need of further government action. When will the President be given that authority to suspend or reduce the excise tax? DOF backs move, but…At yesterday’s hearing, the Department of Finance said it was supportive of the measures, whether to suspend or reduce excise tax. Outside the House of Representatives’ complex, members of the Alliance of Concerned Teachers (ACT) protested the Marcos administration’s move to seek emergency powers to reduce excise taxes on fuel. “If the oil industry remains deregulated, there is no guarantee that any tax reduction will be directly felt by the people.

Source: Philippine Star March 11, 2026 16:36 UTC