Marcos Jr. opposes fuel excise tax suspension

Presidential candidate Ferdinand 'Bongbong' Marcos Jr. reversed his stance on suspending the fuel excise tax.

During a meeting with barangay leaders in Parañaque City on Saturday, March 12, Marcos expressed concern that suspending the tax would cost the government P117 billion annually.

Instead of suspending the tax, Marcos proposed reintroducing the Oil Price Stabilization Fund and providing government subsidies for oil.