MANILA, Philippines — Deputy Majority Leader Senator JV Ejercito on Monday urged the swift passage of a measure that would establish an automatic mechanism for the suspension of excise taxes on petroleum products during periods of high global oil prices, saying it would provide immediate relief to Filipino consumers facing rising fuel costs. Senate Bill No. 1982, principally authored and co-sponsored by Ejercito, seeks to amend Section 148 of the National Internal Revenue Code to allow the President to suspend or reduce excise taxes on petroleum products under defined conditions. “The objective of this measure is simple: to bring relief […]... Keep on reading: JV Ejercito urges swift passage of automatic fuel excise tax suspension