House ready to discuss impact of war-driven oil price hike

The House of Representatives is ready to discuss ways to curb and manage the oil price spike amid rising tension in the Middle East as a result of the Israel-Iran conflict.

This, as several groups have already called on the government to suspend Value Added Tax (VAT) and excise tax on petroleum and gas products as a way to mitigate the situation. (Video courtesy of House of Representatives)

READ: https://mb.com.ph/2025/06/25/house-ready-to-discuss-impact-of-war-driven-oil-price-hike

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