A Senate panel on Wednesday, March 11, approved "in principle" the proposals that would grant President Marcos powers to either suspend or reduce excise tax on fuel amid rising fuel costs.
Senator Pia Cayetano presides over a public hearing of the Committee on Ways and Means on Wednesday, March 11, 2026, to discuss proposed measures allowing the automatic suspension or reduction of excise taxes on fuel during soaring global oil prices. (Senate PRIB photo)
"In principle, the members who attended are supportive of the main principle of the bill, which is to give emergency powers to the President," Senator Pia Cayetano said in a chance interview after the hearing of the Senate Committee on Ways and Means.
Cayetano said that there are 10 bills on the suspension or reduct
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