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Event Brief

Marcos Signs Law to Suspend Oil Tax in Philippines

Philippine President Ferdinand Marcos Jr. signed a law to suspend the excise tax on petroleum products amid rising fuel prices.
WHO: Ferdinand Marcos Jr.
WHAT: signed a law to suspend the excise tax on petroleum products
WHEN: Mar 25, 2026 at 9:37 AM ET
WHERE: Philippines
WHY: to address elevated fuel prices
Sources (1): Bloomberg

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