President Ferdinand Marcos Jr. said he still needs to carefully determine how to use the emergency power recently granted to him by Congress before taking any action on the fuel excise tax.

Both the House of Representatives and the Senate have passed their respective versions of a measure granting the President emergency power to suspend or reduce the excise tax imposed on petroleum products. However, Marcos stressed that the move requires thorough study.

"Oh, that depends. Marami – that's a very complicated calculation. We will see. Depends on the trends. We have to watch the trends on oil prices. We just have to look. It's very hard to say because it's all speculation. We don't know how long this will last for."

("It depends on many factors — it's a very complicated calculation. We will have to watch the trends on oil prices. It is difficult to say at this point, as much of it remains speculation, and we do not yet know how long the current situation will last.")