NINETEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES 
First Regular Session
)
SENATE 
S. No. 101
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'22 JUL-7 P2 31
RECEIVED BY;
Introduced by Senator Grace Poe
AN ACT
PROVIDING FOR THE AUTOMATIC SUSPENSION OF EXCISE TAXES ON 
REGULAR GASOLINE, UNLEADED PREMIUM GASOLINE, AND DIESEL^ 
AMENDING FOR THE PURPOSE SECTION 148 OF THE NATIONAL 
INTERNAL REVENUE CODE, AS AMENDED
EXPLANATORY NOTE
For months now, the country has continuously been ravaged by the 
unrelenting increase in fuel prices. As of 21 June 2022, the year-to-date adjustments 
in domestic oil prices stand at a total net increase of P29.50/liter for gasoline, 
P44.25/liter for diesel, and P39.65/Iiter for kerosene.1 In terms of pump prices, the 
Department of Energy (DOE) data2 show that as of 23 June 2022, several areas in 
Metro Manila reach soaring prices of up to P98.90 per liter for gasoline3, P98.00 per 
liter for diesel4, and P99.04 for kerosene5, with the real possibility of pump prices 
reaching PIOO.OO as prices continue to increase unabated.6
The aftermath of this continuing nightmare in fuel prices can only be 
described as devastating and cataclysmic. The surge in oil prices has led to the
1 Department of Energy. (21 June 2022). "Oil Monitor as of 21 June 2022", Accessed from: 
https://www.doe.gov.ph/oil-monitor?withshield=l
2 Department of Energy. (23 June 2022). "NCR Prevailing Retail Pump Price as of June 23, 2022". 
Accessed from: https://www.doe.gov.ph/sites/default/files/pdf/price_watch/petro_ncr_2022-06- 
23.pdf
3 Recorded in Muntinlupa City.
4 Recorded in Pasay City.
5 Recorded in Taguig City.
6 Cabuenas, Jon Viktor D. (20 June 2022). "Petroleum Pump Prices Could Hit PlOO/liter if Hikes 
Continue, DOE Says". GMA News. Accessed from:
https://www.gmanetwork.com/news/money/companies/835463/petroieum-pump-prlces-could-hlt-
plOO-llter-lf-hikes-continue-doe-says/story/


ballooning in inflation, with May 2022 inflation rate reaching a 42-month-high of 
5.4%.7 Hundreds of PUVs such as jeepneys now lie in depots and parking garages as 
more and more tsupers<x}rrex\t\y estimated at 20% of the estimated 900,000 
jeepney drivers in the country—are forced to leave their trade due to operating at 
significant loss.8 In turn, commuters and ordinary Filipinos suffer from not just 
increasing prices in commodities but also from considerable shortage in 
transportation itself.9
One of the pressing calls to mitigate the continuing increase in oil prices, 
particularly those which are used mainly for transportation, is the suspension of the 
collection of excise taxes on fuel products. Under the National Internal Revenue 
Code (NIRC), as amended, excise tax on regular and unleaded premium gasoline Is 
currently set at PIO.OO per liter of volume capacity, while excise tax on diesel fuel oil 
is set at P6.00. While the TRAIN Law under Republic Act No. 10963 provides for a 
mechanism for suspending excise tax, the automatic suspension Is only valid up to 
year 2020 and the suspensions thereafter are premised on the recommendation of 
the Department of Finance, which has since made it clear that it is not an advocate 
for the suspension thereof.10 Hence, the creation of this bill.
The bill at hand proposes to amend Section 148 of the National Internal 
Revenue Code by providing for the automatic suspension of the excise tax on 
gasoline, unleaded premium gasoline when the average Dubai crude oil price based 
on Mean of Platts Singapore (MOPS) for three (3) months prior to the scheduled 
Increase of the month reaches or exceeds Eighty dollars (USD 80) per barrel. The 
resulting decrease in prices of these fuel products used especially in transportation
7 de Veraf Ben O. (08 June 2022). "May Inflation Rate Heats Up to 42-Month High of 5.4%". 
Philippine Daily Inquirer. Accessed from: https://business.inquirer.net/349873/may-inflation-rate- 
heats-up-to-42-mo-high-of-5-4
8 Piad, Tyrone Jasper C. (23 June 2022). "Commuters Suffer as Many Kings of the Road Relinquish 
Crown". Inquirer.net. Accessed from: https://business.inquirer.net/351076/commuters-suffer-as- 
many-kings-of-the-road-relinquish-crown
9 Ibid.
10 Department of Finance. (16 March 2022). "DOF: Suspending Fuel Excise Tax to Benefit Rich, Not 
Root Families, Better to Give P33-B Cash Aid to Low-Income, Vulnerable Sectors". Accessed from: 
https://www.dof.gov.ph/dof-suspending-fuel-excise-tax-to-benefit-rich-not-poor-famllies-better-to- 
give-p33-b-cash-aid-to-low-income-vulnerabie-sectors/


may in turn tide the rising inflation as well as mitigate the escalating effect of the 
continuing surge in prices.
In light of the urgency of the matter, Immediate approval of this measure is 
eagerly sought.
* /f GRACE TOE
/ r


NINETEENTH CONGRESS OF THE 
REPUBLIC OF THE PHILIPPINES 
First Regular Session
)
)
)
SENATE
S. No. 101
V'45:,cA(5fftfr oC titf £^rr-cl:u7
•22 JUL-7 P2 31
Rl:CEiV!:.D S:': _
Introduced by Senator Grace Poe
AN ACT
PROVIDING FOR THE AUTOMATIC SUSPENSION OF EXCISE TAXES ON 
REGULAR GASOLINE, UNLEADED PREMIUM GASOLINE, AND DIESEL^ 
AMENDING FOR THE PURPOSE SECTION 148 OF THE NATIONAL 
INTERNAL REVENUE CODE, AS AMENDED.
Be It enacted by the Senate and the House of Representatives of the Philippines in 
Congress assembied:
1 
Section 1. —■ Section 148 of the National Internal Revenue Code (NIRC), as
2 
amended, is hereby further amended to read as follows:
3 
"Sec. 148. Manufactured Oiis and Other Fueis. - There shall be
4 
collected on refined and manufactured mineral oils and motor fuels, the
5 
following excise taxes which shall attach to the goods hereunder enumerated
6 
as soon as they are in existence as such:
7 
XXX
8 
"[Fof-the period-covering 2018-to 2020,} [t]The tse-heduled4nerease■ in
9 
the) excise tax on (fuel) REGULAR GASOLINE, UNLEADED PREMIUM
10 
GASOLINE, AND DIESEL FUEL OIL as imposed in this Section shall be
11 
AUTOMATICALLLY suspended when the average Dubai crude oil price
12 
based on Mean of Platts Singapore (MOPS) for three (3) months prior to the
13 
scheduled increase of the month reaches or exceeds Eighty dollars (USD 80)
14 
per barrel."
15 
XX x"
16 
Sec. 2. Impiementing Ruies and Reguiations. — Such rules and regulations as
17 
may be necessary to Implement this Act shall be issued within thirty (30) days of Its
18 
effectivity.


Sec. 3. Repealing Clause. — All laws, decrees, orders, rules and regulations or 
other issuances or parts thereof inconsistent with the provisions of this Act are 
hereby repealed and modified accordingly.
Sec. 4. Effectivity. —This Act shall take effect fifteen (15) days after its 
publication in the Official Gazette.
Approved,