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Story summary
- Rising oil prices from Middle East tensions push Senate leaders to seek emergency powers for President Ferdinand Marcos Jr. to suspend fuel excise taxes before March 21, while the government implements energy-saving measures.
- House Speaker Faustino Dy III filed a bill to suspend fuel excise taxes during emergencies.
- The Trade Union Congress of the Philippines urges removing the 12% value-added tax (VAT) on electricity to ease rising costs.
