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Marcos Eyes Emergency Powers to Reduce Fuel Excise Tax Due to Israel-Iran War

Summary by Philstar Global
President Ferdinand Marcos Jr. is considering asking Congress for emergency powers that would allow him to reduce excise taxes on fuel products as should the United States and Israel’s war against Iran prolong and worsen.

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Philstar GlobalPhilstar Global
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Marcos eyes emergency powers to reduce fuel excise tax due to Israel-Iran war

President Ferdinand Marcos Jr. is considering asking Congress for emergency powers that would allow him to reduce excise taxes on fuel products as should the United States and Israel’s war against Iran prolong and worsen.

·Manila, Philippines (the)
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GMA Filipino NewsGMA Filipino News
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Bam Aquino urges suspension of oil excise taxes

Sen. Bam Aquino on Monday urged the government to consider suspending excise taxes on oil, citing concerns over the potential impact of the Middle East hostilities on global fuel prices.

·Quezon City, Philippines (the)
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  • 100% of the sources lean Left
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GMA Filipino News broke the news in Quezon City, Philippines (the) on Monday, March 2, 2026.
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