MANILA, Philippines — April 13, 2026. President Ferdinand Marcos Jr. is set to announce today his decision on whether to suspend or reduce excise taxes on fuel products, a move that could provide relief to millions of Filipino drivers and commuters.
What is Republic Act 12316?
President Marcos signed Republic Act No. 12316 into law, granting him emergency powers to:
- Today's Decision
The President met with Cabinet officials last week to discuss interventions to cushion the impact of the Middle East crisis on fuel prices. His options today include:
📊 Why this matters: If the excise tax is suspended or reduced, pump prices could decrease, helping Filipino families cope with high fuel costs caused by the Middle East conflict.
What Happens Next?
Once the President announces his decision:
- Stay tuned for the official announcement!
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