Philippines’ lower house grants  president power to ease fuel taxes

MANILA: The Philippine lower house of Congress on Monday granted President Ferdinand Marcos Jr authority to temporarily suspend or reduce excise taxes on fuel to stabilize soaring petroleum prices that risk fanning inflation ‌in the ‌consumption-driven economy. The measure, which Marcos has ‌certified ⁠as urgent, requires approval ⁠from the Senate before it can be enacted into law. The Senate will vote on the issue on Tuesday, its president said.

Raccontata daarabnews.com