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President Marcos said proposals to repeal the Oil Deregulation Law and remove the value-added tax (VAT) on fuel are being studied, but stressed that the government is focused on immediate measures to ease the impact of rising oil prices.

READ: https://mb.com.ph/2026/03/27/oil-deregulation-repeal-vat-removal-under-study-but-not-prioritymarcos

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00:00Sir, what are your thoughts on the proposal to repeal the oil redegration law and remove the vat on fuel
00:07imports?
00:07As I said before, nothing is being discounted.
00:12Ibig sabihin, lahat ng maaring gawin upang mayroon tayong magawa para tulungan na pag-aangin ang epekto
00:22at nitong nangyara sa Middle East, talagang pinag-uusapan namin.
00:30But what we are focused on now is immediate.
00:34We will have to amend the oil redegration, mahaba pang diskusyon yan.
00:38I don't know when it will come out.
00:40So we are focused right now on the immediate, what we can do immediately.
00:44Kagaya nung sinabi ko sa statement ko, kung ano yung maaari nating paratingin kaagad na tulong sa taong bayan,
00:51yun ang aming ginagawa, yun ang aming pinag-iisipan ngayon.
00:55But as I said, we are not, kahit lahat ng maaring gawin, tinitignan namin, pinag-aaralan namin.
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