MANILA, Philippines — A bill that seeks to give the President powers to suspend the excise tax on petroleum products when warranted — like during the current conflict in the Middle East —was filed by Marikina Rep. Miro Quimbo on Tuesday. Quimbo, in a statement, said that he supports calls to suspend excise taxes on fuel to ensure that consumers will be protected, amid the expected rise in global crude oil prices due to the conflict involving the United States, Israel, other Arab states and Iran. “I support calls to promptly suspend excise tax on fuel to protect our consumers amid […]... Keep on reading: House bill seeks powers for President to suspend fuel excise tax