Public Utility Drivers
FUEL CRISIS IMMEDIATE RELIEF AND RESPONSE ACT
The Fuel Crisis Immediate Relief and Response Act aims to provide immediate relief measures to address the economic impact of rising fuel prices due to global tensions, particularly in the Middle East. It includes provisions for deferring contributions to various government funds, implementing price controls, and providing subsidies and support for affected sectors.
BAYANIHAN 3: POWER OF THE PEOPLE ACT
The Bayanihan 3: Power of the People Act aims to address the national emergency caused by the 2026 Global Oil Crisis by granting the President emergency powers to stabilize energy supply, ensure food security, and promote economic resilience.
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.