President Marcos has signed the law giving him emergency powers to suspend or reduce excise tax on petroleum products.
Marcos signed Republic Act (RA) No. 12316 on Wednesday, March 25, fulfilling what he said early in the day that he would be signing the measure into law within the day.
READ: https://mb.com.ph/2026/03/25/marcos-signs-law-giving-him-emergency-powers-to-suspend-or-reduce-oil-excise-tax
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