Tags / Fuel Pricing
Fuel Pricing
Measures (2)
SBN-1984bill · in_committee
REPEALING R.A. NO. 8479 (DOWNSTREAM OIL INDUSTRY DEREGULATION ACT OF 1998)
This bill seeks to repeal Republic Act No. 8479, known as the Downstream Oil Industry Deregulation Act of 1998, which currently allows for the deregulation of the oil industry in the Philippines.
SBN-1982bill · enacted
AUTOMATIC SUSPENSION OR REDUCTION OF EXCISE TAX ON PETROLEUM PRODUCTS
This law allows the President to suspend or reduce excise taxes on petroleum products when the average price of Dubai crude oil exceeds USD 80 per barrel for one month. It sets specific conditions and reporting requirements for such actions.