Tag: Oil price hike

Statement on the signing into law of Republic Act No. 12316, allowing the President to reduce or suspend excise taxes on petroleum products

I voted a resounding “yes” and even co-authored this urgent measure when it wasdeliberated in the Senate. The President’s move shows a genuine commitment to help ease the burden of the Filipino people amid skyrocketing fuel prices. Lahat tayo ay apektado ng patuloy na pagtaas ng presyo ng langis—at kasunod nito, ang pagmahal ng mga…
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Explanation of Vote in Favor of Senate Bill No. 1982 (Committee Report No. 48): Automatic Suspension or Reduction of Excise Tax on Petroleum Products

EXPLANATION OF VOTE An Act Authorizing the President to Suspend or Reduce the Excise Tax on Petroleum Products, Amending for the Purpose Article 148 of the National Internal Revenue Code of 1997, as amended Senate Bill No. 1982 under Committee Report No. 48 Senator Jinggoy Ejercito Estrada March 17, 2026 I vote a resounding yes…
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Statement on Rising Global Oil Prices Amid Ongoing Airstrikes in the Middle East

Lubos na nakakabahala ang patuloy na pagtaas ng global oil prices dulot ng tumitinding tensyon sa Middle East. Kapag tumataas ang presyo ng krudo, kasunod nito ang pagtaas ng presyo ng gasolina, pamasahe, at mga pangunahing bilihin—dagdag pasanin na naman ito sa mga pamilyang Pilipino. Umaasa ako na may nakahandang hakbang ang pamahalaan upang maibsan…
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Jinggoy Estrada on impending oil price hike: Gov’t must suspend fuel tax, increase wages or do both

MANILA, Philippines — Suspend the collection of excise taxes, implement a considerable minimum wage hike or do both. These are the options government can choose from to cushion the adverse impact on Filipinos of the enormous price hike that oil companies will impose this week, former Senator Jinggoy Estrada said Monday, March 7. Estrada said…
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