Filipinos are set to experience one of the steepest fuel price rollbacks in recent months, offering much-needed relief to households and transport operators strained by rising costs.
Starting April 14, diesel prices will decrease by more than ₱20 per liter, while gasoline will drop by ₱4.43 and kerosene by ₱8.50. The rollback follows weeks of surging pump prices that have driven up transportation fares, food costs, and overall inflation.
President Ferdinand Marcos Jr. welcomed the development but urged the public not to be complacent.
“Hindi pa ito sapat,” he said, stressing that broader efforts are underway to address ongoing economic pressures.
Fuel prices had recently spiked due to global supply disruptions tied to tensions in the Middle East, impacting both local and global markets. These increases created ripple effects on essential goods and services, further burdening consumers.
Marcos assured that the government is “not easing up” and is actively pursuing additional measures to cushion the impact of rising costs. These include fuel subsidies, transport assistance, and initiatives aimed at stabilizing supply through diplomatic and economic strategies.
Officials added that the relief package is designed to extend beyond fuel price reductions, targeting everyday necessities to ensure that the benefits of the rollback contribute to broader economic stability.