Marcos: Repeal of Oil Deregulation Law Not Off Table

Why It Matters

Reopening debate on oil deregulation signals potential major intervention in fuel markets and could affect pricing, investor expectations, and energy policy in the Philippines. Short-term relief measures and regulatory tweaks may provide immediate consumer relief but foreshadow larger policy decisions that could reshape the sector.

Summary

President Ferdinand 'Bongbong' Marcos Jr. said repealing the oil deregulation law remains a possible option as his administration weighs responses to supply and price risks from the Middle East war. He emphasized the government’s current focus is on immediate relief measures and amending relevant orders or regulations, though discussions on broader policy changes are ongoing and timing is uncertain. Marcos stressed officials are examining all possible actions to lessen the impact on Filipino consumers. The administration is prioritizing quick assistance while keeping longer-term regulatory shifts on the table.

Original Description

President Bongbong Marcos on Friday, March 27, says “nothing is being discounted” in relation to proposals to repeal the oil deregulation law and remove value-added tax on fuel imports.

But, he notes that the government’s focus right now are immediate solutions to the impacts of rising fuel prices caused by the Middle East conflict.

Read more: https://newsinfo.inquirer.net/2202265/marcos-on-oil-deregulation-law

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