{"id":2453,"date":"2026-03-16T11:30:18","date_gmt":"2026-03-16T11:30:18","guid":{"rendered":"https:\/\/cibacpartylist.org\/?p=2453"},"modified":"2026-03-16T11:31:39","modified_gmt":"2026-03-16T11:31:39","slug":"cibac-rep-bro-eddie-backs-passage-of-oil-excise-tax-suspension-bil-says-alleviating-impacts-of-oil-price-hike-a-moral-duty-of-government","status":"publish","type":"post","link":"https:\/\/cibacpartylist.org\/?p=2453","title":{"rendered":"CIBAC REP. BRO. EDDIE BACKS PASSAGE OF OIL EXCISE TAX SUSPENSION BIL; SAYS ALLEVIATING IMPACTS OF OIL PRICE HIKE A MORAL DUTY OF GOVERNMENT"},"content":{"rendered":"\n

<\/p>\n\n\n\n

CIBAC Party-list Rep. Bro. Eddie Villanueva backs the 3rd reading approval at the House of Representatives of House Bill 8418 which seeks to lower oil prices by suspending or reducing the excise taxes on petroleum products during national or global economic emergencies.<\/p>\n\n\n\n

\u201cGlobal fuel price volatility quickly translates into higher transport costs and rising prices of goods and services. At this point of time, it is an imperative moral duty of the government to exhaust all efforts to cushion the adverse impacts of the current oil price surges due to the tension in the Middle East countries. Capacitating the government with the necessary flexibility to act with dispatch to lower the prices of fuel products during the current extraordinary situation is among the necessary steps that must be taken. We call on the swift enactment of this measure,\u201d says Rep. Bro. Eddie Villanueva who is one the principal authors of the House Bill 8418.<\/p>\n\n\n\n

House Bill 8418 grants the President power to suspend or reduce the imposition of excise tax on fuel products under statutory conditions, namely: when the average Dubai crude oil price based on Mean of Platts Singapore (MOPS) has reached US 80 dollars per Barrel, or, when a state of national emergency or calamity has been declared by the President and has resulted to extraordinary increases in domestic pump prices of petroleum products.<\/p>\n","protected":false},"excerpt":{"rendered":"

CIBAC Party-list Rep. Bro. Eddie Villanueva backs the 3rd reading approval at the House of Representatives of House Bill 8418 which seeks to lower oil prices by suspending or reducing the excise taxes on petroleum products during national or global economic emergencies. \u201cGlobal fuel price volatility quickly translates into higher transport costs and rising prices […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"templates\/template-cover.php","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-2453","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"\nCIBAC REP. BRO. EDDIE BACKS PASSAGE OF OIL EXCISE TAX SUSPENSION BIL; SAYS ALLEVIATING IMPACTS OF OIL PRICE HIKE A MORAL DUTY OF GOVERNMENT - Cibac Partylist<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cibacpartylist.org\/?p=2453\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIBAC REP. BRO. EDDIE BACKS PASSAGE OF OIL EXCISE TAX SUSPENSION BIL; SAYS ALLEVIATING IMPACTS OF OIL PRICE HIKE A MORAL DUTY OF GOVERNMENT - Cibac Partylist\" \/>\n<meta property=\"og:description\" content=\"CIBAC Party-list Rep. Bro. Eddie Villanueva backs the 3rd reading approval at the House of Representatives of House Bill 8418 which seeks to lower oil prices by suspending or reducing the excise taxes on petroleum products during national or global economic emergencies. \u201cGlobal fuel price volatility quickly translates into higher transport costs and rising prices […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cibacpartylist.org\/?p=2453\" \/>\n<meta property=\"og:site_name\" content=\"Cibac Partylist\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-16T11:30:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-16T11:31:39+00:00\" \/>\n<meta name=\"author\" content=\"MAIN OFFICE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MAIN OFFICE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cibacpartylist.org\/?p=2453#article\",\"isPartOf\":{\"@id\":\"https:\/\/cibacpartylist.org\/?p=2453\"},\"author\":{\"name\":\"MAIN OFFICE\",\"@id\":\"https:\/\/cibacpartylist.org\/#\/schema\/person\/ab4a99d1d411d5be35c858e403215b6b\"},\"headline\":\"CIBAC REP. BRO. EDDIE BACKS PASSAGE OF OIL EXCISE TAX SUSPENSION BIL; SAYS ALLEVIATING IMPACTS OF OIL PRICE HIKE A MORAL DUTY OF GOVERNMENT\",\"datePublished\":\"2026-03-16T11:30:18+00:00\",\"dateModified\":\"2026-03-16T11:31:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cibacpartylist.org\/?p=2453\"},\"wordCount\":246,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cibacpartylist.org\/#organization\"},\"articleSection\":[\"Press Release\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cibacpartylist.org\/?p=2453#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cibacpartylist.org\/?p=2453\",\"url\":\"https:\/\/cibacpartylist.org\/?p=2453\",\"name\":\"CIBAC REP. BRO. EDDIE BACKS PASSAGE OF OIL EXCISE TAX SUSPENSION BIL; SAYS ALLEVIATING IMPACTS OF OIL PRICE HIKE A MORAL DUTY OF GOVERNMENT - Cibac Partylist\",\"isPartOf\":{\"@id\":\"https:\/\/cibacpartylist.org\/#website\"},\"datePublished\":\"2026-03-16T11:30:18+00:00\",\"dateModified\":\"2026-03-16T11:31:39+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/cibacpartylist.org\/?p=2453#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cibacpartylist.org\/?p=2453\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cibacpartylist.org\/?p=2453#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cibacpartylist.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CIBAC REP. BRO. EDDIE BACKS PASSAGE OF OIL EXCISE TAX SUSPENSION BIL; SAYS ALLEVIATING IMPACTS OF OIL PRICE HIKE A MORAL DUTY OF GOVERNMENT\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cibacpartylist.org\/#website\",\"url\":\"https:\/\/cibacpartylist.org\/\",\"name\":\"Cibac Partylist\",\"description\":\"Citizens' Battle Against Corruption Party-List\",\"publisher\":{\"@id\":\"https:\/\/cibacpartylist.org\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cibacpartylist.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/cibacpartylist.org\/#organization\",\"name\":\"Cibac Partylist\",\"url\":\"https:\/\/cibacpartylist.org\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cibacpartylist.org\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cibacpartylist.org\/wp-content\/uploads\/2021\/11\/cropped-CIBAC.png\",\"contentUrl\":\"https:\/\/cibacpartylist.org\/wp-content\/uploads\/2021\/11\/cropped-CIBAC.png\",\"width\":300,\"height\":113,\"caption\":\"Cibac Partylist\"},\"image\":{\"@id\":\"https:\/\/cibacpartylist.org\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/cibacpartylist.org\/#\/schema\/person\/ab4a99d1d411d5be35c858e403215b6b\",\"name\":\"MAIN OFFICE\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cibacpartylist.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/885c99fdc59bcdfdfb5f4a8e16efaab189af1ff0a9c298c73e72f19cb16be33a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/885c99fdc59bcdfdfb5f4a8e16efaab189af1ff0a9c298c73e72f19cb16be33a?s=96&d=mm&r=g\",\"caption\":\"MAIN OFFICE\"},\"url\":\"https:\/\/cibacpartylist.org\/?author=5\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CIBAC REP. BRO. EDDIE BACKS PASSAGE OF OIL EXCISE TAX SUSPENSION BIL; SAYS ALLEVIATING IMPACTS OF OIL PRICE HIKE A MORAL DUTY OF GOVERNMENT - Cibac Partylist","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cibacpartylist.org\/?p=2453","og_locale":"en_US","og_type":"article","og_title":"CIBAC REP. BRO. EDDIE BACKS PASSAGE OF OIL EXCISE TAX SUSPENSION BIL; SAYS ALLEVIATING IMPACTS OF OIL PRICE HIKE A MORAL DUTY OF GOVERNMENT - Cibac Partylist","og_description":"CIBAC Party-list Rep. Bro. Eddie Villanueva backs the 3rd reading approval at the House of Representatives of House Bill 8418 which seeks to lower oil prices by suspending or reducing the excise taxes on petroleum products during national or global economic emergencies. \u201cGlobal fuel price volatility quickly translates into higher transport costs and rising prices […]","og_url":"https:\/\/cibacpartylist.org\/?p=2453","og_site_name":"Cibac Partylist","article_published_time":"2026-03-16T11:30:18+00:00","article_modified_time":"2026-03-16T11:31:39+00:00","author":"MAIN OFFICE","twitter_card":"summary_large_image","twitter_misc":{"Written by":"MAIN OFFICE","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cibacpartylist.org\/?p=2453#article","isPartOf":{"@id":"https:\/\/cibacpartylist.org\/?p=2453"},"author":{"name":"MAIN OFFICE","@id":"https:\/\/cibacpartylist.org\/#\/schema\/person\/ab4a99d1d411d5be35c858e403215b6b"},"headline":"CIBAC REP. BRO. EDDIE BACKS PASSAGE OF OIL EXCISE TAX SUSPENSION BIL; SAYS ALLEVIATING IMPACTS OF OIL PRICE HIKE A MORAL DUTY OF GOVERNMENT","datePublished":"2026-03-16T11:30:18+00:00","dateModified":"2026-03-16T11:31:39+00:00","mainEntityOfPage":{"@id":"https:\/\/cibacpartylist.org\/?p=2453"},"wordCount":246,"commentCount":0,"publisher":{"@id":"https:\/\/cibacpartylist.org\/#organization"},"articleSection":["Press Release"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cibacpartylist.org\/?p=2453#respond"]}]},{"@type":"WebPage","@id":"https:\/\/cibacpartylist.org\/?p=2453","url":"https:\/\/cibacpartylist.org\/?p=2453","name":"CIBAC REP. BRO. EDDIE BACKS PASSAGE OF OIL EXCISE TAX SUSPENSION BIL; SAYS ALLEVIATING IMPACTS OF OIL PRICE HIKE A MORAL DUTY OF GOVERNMENT - Cibac Partylist","isPartOf":{"@id":"https:\/\/cibacpartylist.org\/#website"},"datePublished":"2026-03-16T11:30:18+00:00","dateModified":"2026-03-16T11:31:39+00:00","breadcrumb":{"@id":"https:\/\/cibacpartylist.org\/?p=2453#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cibacpartylist.org\/?p=2453"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cibacpartylist.org\/?p=2453#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cibacpartylist.org\/"},{"@type":"ListItem","position":2,"name":"CIBAC REP. BRO. EDDIE BACKS PASSAGE OF OIL EXCISE TAX SUSPENSION BIL; SAYS ALLEVIATING IMPACTS OF OIL PRICE HIKE A MORAL DUTY OF GOVERNMENT"}]},{"@type":"WebSite","@id":"https:\/\/cibacpartylist.org\/#website","url":"https:\/\/cibacpartylist.org\/","name":"Cibac Partylist","description":"Citizens' Battle Against Corruption Party-List","publisher":{"@id":"https:\/\/cibacpartylist.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cibacpartylist.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/cibacpartylist.org\/#organization","name":"Cibac Partylist","url":"https:\/\/cibacpartylist.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cibacpartylist.org\/#\/schema\/logo\/image\/","url":"https:\/\/cibacpartylist.org\/wp-content\/uploads\/2021\/11\/cropped-CIBAC.png","contentUrl":"https:\/\/cibacpartylist.org\/wp-content\/uploads\/2021\/11\/cropped-CIBAC.png","width":300,"height":113,"caption":"Cibac Partylist"},"image":{"@id":"https:\/\/cibacpartylist.org\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/cibacpartylist.org\/#\/schema\/person\/ab4a99d1d411d5be35c858e403215b6b","name":"MAIN OFFICE","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cibacpartylist.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/885c99fdc59bcdfdfb5f4a8e16efaab189af1ff0a9c298c73e72f19cb16be33a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/885c99fdc59bcdfdfb5f4a8e16efaab189af1ff0a9c298c73e72f19cb16be33a?s=96&d=mm&r=g","caption":"MAIN OFFICE"},"url":"https:\/\/cibacpartylist.org\/?author=5"}]}},"_links":{"self":[{"href":"https:\/\/cibacpartylist.org\/index.php?rest_route=\/wp\/v2\/posts\/2453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cibacpartylist.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cibacpartylist.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cibacpartylist.org\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cibacpartylist.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2453"}],"version-history":[{"count":2,"href":"https:\/\/cibacpartylist.org\/index.php?rest_route=\/wp\/v2\/posts\/2453\/revisions"}],"predecessor-version":[{"id":2455,"href":"https:\/\/cibacpartylist.org\/index.php?rest_route=\/wp\/v2\/posts\/2453\/revisions\/2455"}],"wp:attachment":[{"href":"https:\/\/cibacpartylist.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cibacpartylist.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cibacpartylist.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}