Solon wants passage of fuel excise tax suspension despite declining prices

ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="pump" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/news/10/26/gas-pump.jpg"/></figure></div><p>MANILA -- A lawmaker still expects Congress to pass the bill suspending the increase in fuel excise taxes into law before Christmas despite the recent downtrend in oil prices.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/11/08/21/presyo-ng-petrolyo-may-bawas-sa-nobyembre-9">Presyo ng petrolyo tatapyasan sa Nobyembre 9</a></li></ul><p>Quezon City 4th District Representative Jesus &quot;Bong&quot; Suntay said the House already approved the bill on second reading, which means it will soon be transmitted to the Senate where a counterpart measure is already waiting. </p><ul class="op-related-articles">	<li><a href=" https://news.abs-cbn.com/business/11/11/21/house-panel-oks-bill-reducing-fuel-excise-tax">House panel OKs bill reducing fuel excise tax</a></li></ul><p>Suntay said their proposal suspends only the increase in fuel excise taxes, and not the implementation of these taxes itself. Lawmakers are willing to put in their bill a provision that reimposes the increase of excise taxes once the price of crude hits $65 per barrel, he said.</p><p>Suntay said he expects the Senate to approve the bill as a Christmas gift to the public. </p><p>He added that expects the House to approve the bill on final reading next week. </p><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1803472" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

A lawmaker still expects Congress to pass the bill suspending the increase in fuel excise taxes into law before Christmas despite the recent downtrend in oil prices.

Solon wants passage of fuel excise tax suspension despite declining prices | ABS-CBN

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Solon wants passage of fuel excise tax suspension despite declining prices

Solon wants passage of fuel excise tax suspension despite declining prices

ABS-CBN News

Published Nov 24, 2021 03:29 PM PHT

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House of Representatives

Congress

oil price hike

fuel tax

fuel

oil

tax

House committee on ways and means

excise tax

petroleum products

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