TACLOBAN CITY — As global oil prices climb due to renewed tensions in the Middle East, Tingog party-list has thrown its support behind President Ferdinand Marcos Jr.’s proposal to seek congressional authority to temporarily suspend the excise tax on fuel.
Tingog Representative Jude Acidre said the move could help shield Filipino families and vital sectors from the ripple effects of rising fuel costs triggered by geopolitical instability abroad.
“At a time when Filipino families, transport workers, farmers, and small businesses are already struggling with rising costs, government must act decisively to provide immediate relief and protect our people from external shocks beyond our control,” he said.
Acidre stressed that with oil prices continuing to spike, swift and concrete measures are needed. If suspending the excise tax would ease the financial burden on consumers, he said, the proposal deserves serious consideration in Congress.
Tingog reiterated its commitment to push for responsive fiscal policies to help maintain economic stability during periods of global uncertainty.
(LIZBETH ANN A. ABELLA)
