Tags / Oil prices
Oil prices
Measures (2)
SBN-1938bill · in_committee
SUSPENSION OR REDUCTION OF EXCISE TAXES AND/OR VALUE-ADDED TAX ON PETROLEUM PRODUCTS
This bill authorizes the President to temporarily suspend or reduce excise taxes and/or value-added tax on petroleum products when global oil prices exceed specified thresholds, specifically when the average price of Dubai crude oil exceeds $80 per barrel.
SBN-1922bill · in_committee
TEMPORARY SUSPENSION OR REDUCTION OF EXCISE TAX ON FUEL
This bill provides for the temporary suspension or reduction of excise taxes on regular gasoline, unleaded premium gasoline, and diesel when global oil prices exceed a specified threshold, aiming to protect consumers from price spikes.