MANILA, Philippines – The two measures certified as urgent by President Ferdinand Marcos Jr. were swiftly brought to the Senate floor on Monday to address surging fuel prices triggered by the crisis in the Middle East. As head of the Senate committee on ways and means, Sen. Pia Cayetano endorsed for plenary approval Senate Bill No. (SBN) 1982, allowing automatic suspension or reduction of excise  tax on petroleum products, and Senate Bill No. 1965 that would authorize the importation of  biofuel components, such as bioethanol and biodiesel. Under SBN 1982, the president may suspend or reduce the excuse taxes on fuel when […]... Keep on reading: 2 urgent measures vs oil price surge reach Senate floor