Speaking with reporters earlier today, March 18, President Ferdinand Marcos Jr. has stated that as it stands, no final date has been set for a suspension of excise taxes on fuel, and that a decision will be made “when the situation calls for it.” This comes after the House of Representatives passed a bill authorizing the President to suspend said taxes in emergency situations earlier this week.
Marcos emphasized that the unpredictability of the situation in the Middle East necessitates this cautious approach. “We don’t know how long it will last for,” he explained. “We don’t know what the effects are, we don’t know what…