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Marcos to sign bill suspending fuel excise tax

President Ferdinand Marcos Jr. on March 25, 2026 says he will sign into law a bill granting him the power to suspend or reduce excise tax on fuel product. Speaking to reporters in Malacañang, Marcos said he was still determining the right time to use the power.

VIDEO BY CATHERINE VALENTE

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Transcript
00:00As you know, Urea Suprages is a petroleum product.
00:04So that is a refined product na naggaling sa petrolyo din.
00:11Tuloy-tuloy, yung mga sinang nagsusupply sa atin ay nakikipag-usap din tayo.
00:17At tinitiak natin na meron tayong fertilizer supply.
00:21At nagpagawa nga tayo ng mga kapumaraan at mga kontrata para tiyakin na meron tayong sapat na fertilizer supply.
00:33Ang report sa akin ng Department of Agriculture, so today, we have sufficient fertilizer supply for the next planting.
00:41So at least until the next planting, we have the sufficient amount of urea and potas.
00:52So those are the main fertilizers that we are using.
00:56Para naman sa agricultural products, dahil na, naalala natin ang presyo ng mga magdain.
01:04Para naman sa agricultural products, piso na lang ang Roro Terminal Fee
01:09para sa manatrak at sasakyan ng dadala ng mga agricultural products.
01:16Nakipag-ugnayan din tayo sa Kongreso upang mabawasan ang alisin na ang next-aristat salinis.
01:23Yun po, yan yung patas na hiningin natin sa unang-una.
01:27Natapos na ang kanilang paka-aaral doon sa patas na yan.
01:31At nasa amin na, at siguro, by the end of today, I will be able to sign that in the
01:37law already.
01:38Ngayon, titignan ngayon natin, kailan ang pinakamagandang oras, pinakamagandang,
01:44when is the best time to use that new authority.
01:48Because there are conditions within the law that have to be satisfied.
01:54But nonetheless, we are trying to determine.
01:58Because ang mahirap talaga dito is papago-pago ang presyo.
02:02Ano naman ninyo lang, pag-gising nyo sa anong mata.
02:04Ibala naman ang presyo.
02:06May pronouncement na nanggaling sa US, papabang presyo.
02:10Tapos mamaya ng konti, takaas na naman.
02:14So, mahirap talaga mag-planon.
02:16And that's why we have been trying to find the optimal levels in terms of support,
02:30in terms of the suspension of some of the charges that the government exacts from the,
02:44especially from food products.
02:48So, ito lahat ito ay ginawa na natin since, as I said, day one pa lang.
02:56Day one na lang pa lang nung nabalita na nung nagpongpa.
03:01Ang una namin, ang una namin inalala ang ating mga OFW.
03:05Binitin ko na ang OWA, binitin ko na ang Department of Migrant Workers,
03:10kinausap ng DFA, ang ating mga embassy, at yan ang mga nating ginawa.
03:45Sub indo by broth3rmax
03:46You
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