Marcos certifies as urgent bill allowing him to cut excise tax on fuel

President Ferdinand "Bongbong" Marcos has certified as urgent the bill granting him emergency powers to suspend or cut excise tax on fuel amid the ongoing conflict in the Middle East. 

House Bill No. 8418 allows the President to suspend or reduce excise tax on fuel products for six months at the maximum, provided that the average Dubai crude oil price exceeds US$80 per barrel for one month immediately preceding the suspension or reduction of the excise tax. 

The bill also provides that the President will only have such additional authority until December 31, 2028. 

—AOL, GMA Integrated News