Manila, March 16 -- Speaker Faustino "Bojie" Dy III on Monday said the government is "all hands on deck" as the House of Representatives moves swiftly to pass a measure allowing the suspension of the mandatory biofuel blending requirement under the Biofuels Act of 2006 after President Ferdinand R. Marcos Jr. certified the bill as urgent.

House Bill (HB) No. 8469, or the proposed Oil Price Stabilization Act, would allow the President to temporarily suspend mandatory biofuel blending if blended fuel prices are at least 5 percent higher than pure fuel, thus easing pump prices.

"The President's certification makes clear that this is an urgent matter affecting every Filipino household and the entire economy. The House stands ready to act swi...