He Rising Cost Of Oil Prices Will Surely Warrant The Suspension Certain Taxes So We Can Give Relief To Affected Sectors News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MANILA - A leader of the House of Representatives on Wednesday said Congress should review the unbundling of the oil prices and the inclusion of the minimum inventory requirements provision to the Oil Deregulation Law amid skyrocketing oil prices. House Committee on Economic Affairs Sharon Garin said the country experienced an average increase of PHP5-5.85 per liter in diesel prices and PHP3.6 per liter for gasoline. Garin further cited Mean of Platss Singapore estimates that by March 15, there would be PHP12.80 and PHP8.30 increases per liter of diel and gas. She said this is already an emergency, and Congress should at least mitigate the effects of the oil price increases to "our already ailing economy". "If and when, the House convenes a special session, there should be a review on the unbundling of the oil prices and the inclusion of the minimum inventory requirements provision to the Oil Deregulation Law as proposed by the Department of Energy (DOE) in the agenda. E ....

Juan Miguel Arroyo , Rodrigo Duterte , House Energy Committee , Department Of Energy , Oil Deregulation Law , House Committee On Economic Affairs Sharon Garin , Economic Affairs Sharon Garin , Platss Singapore , Land Transportation Franchising , Regulatory Board , Appropriations Act , Energy Committee , President Duterte , Manilaa Leader Of The House Representatives On Wednesday Said Congress Should Review Unbundling Oil Prices And Inclusion Minimum Inventory Requirements Provision To Deregulation Law Amid Skyrocketing Committee Economic Affairs Sharon Garin Country Experienced An Average Increase Php5 5 85 Per Liter In Diesel Php3 6 For Gasoline Further Cited Mean Platss Singapore Estimates That By March 15 , Here Would Be Php12 80 And Php8 30 Increases Per Liter Of Diel Gas She Said This Is Already An Emergency , Nd Congress Should At Least Mitigate The Effects Of Oil Price Increases To Quot Our Already Ailing Economy If And When , He House Convenesa Special Session , Here Should Bea Review On The Unbundling Of Oil Prices And Inclusion Minimum Inventory Requirements Provision To Deregulation Law As Proposed By Department Energy Doe In Agenda Even If We Have Enough Supply For Next 40 Days , He Rising Cost Of Oil Prices Will Surely Warrant The Suspension Certain Taxes So We Can Give Relief To Affected Sectors , Uot She Said Garin While The Petitions For Fare Hikes Are Already Being Discussed By Land Transportation Franchising And Regulatory Board Ltfrb Programs Such As Fuel Subsidy Under 2022 General Appropriations Act Would Help Public Utility Drivers , Ongress Should Intervene By Fast Tracking The Discussion On Measures That Seek To Suspend Excise Tax Oil She Estimated At Least Php6 Per Liter Would Be Removed From Current Retail Prices If Is Suspended Quot We Cannot Just Sit Back And Watch Whatever Economic Gains Relaxing Restrictions Last Three Months Go Down Drain Hold Special Session Now , E Can Passa Measure In Justa Day And The President Rodrigo Duterte Sign It Immediately Otherwise , E Would Have To Wait Until After The Elections Discuss These Measures By Then , T Might Be Too Late , Uot She Said House Energy Committee Chair Juan Miguel Arroyo , Or His Part ,