Posts tagged as “RA 12316”

Marcos Signs Republic Act No. 12316, Authorizing the President to Suspend or Reduce Excise taxes on Petroleum Products

March 25, 2026

Marcos Signs Republic Act No. 12316, Authorizing the President to Suspend or Reduce Excise taxes on Petroleum Products

Betheena Unite, writing for Manila Bulletin; 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…