President Ferdinand Marcos Jr. called on oil companies Saturday to implement a full and immediate price reduction on petroleum products, following forecasts of a second consecutive week of rollbacks.
Effective Tuesday, April 21, diesel prices are expected to drop by approximately ₱24.94 per liter, gasoline by ₱3.41, and kerosene by ₱2.00.
“Sa susunod po na linggo, may mas malaking bawas sa presyo ng langis. Dahil dito, bababa ang diesel ng humigit-kumulang ₱24.94 kada litro, ang gasolina naman ay ₱3.41, at kerosene ng ₱2.00,” Marcos said in a video statement.
“Mas malaki ito kaysa sa rollback noong nakaraang linggo at malinaw ang ibig sabihin nito para sa ating lahat. May ginhawang parating.”
The President emphasized that the private sector must pass these savings directly to consumers without delay.
“At sa ating mga oil companies, malinaw naman ang aking panawagan, ipatupad ninyo ang rollback nang buo, tama, at walang pagkaantala. Ibigay ninyo sa taumbayan ang dapat naman na nasa kanila,” he added.
To mitigate the impact of high fuel costs on the transport sector, Marcos highlighted the continuation of the ₱10 fuel discount for Public Utility Vehicles (PUVs) and the Service Contracting Program for drivers.
He also announced a three-month validity extension for expiring driver’s licenses, student permits, conductor’s licenses, and vehicle registrations to provide further financial breathing room.
“Ipapatupad din ng Department of Transportation at Land Transportation Office ang tatlong buwang extension sa validity ng mga nag eexpire na na lisensya, student permit, at rehistro ng sasakyan,” the President explained.
“Halimbawa, kung mag-eexpire ngayong buwan ang lisensya o rehistro mo, magiging valid pa rin yan hanggang July, at wala kang babayarang multa o anumang surcharge.”
Marcos encouraged the public to report any irregularities or companies failing to comply with the price adjustments, noting that the Department of Energy (DOE) is ready to take action.
“At para sa ating mga kababayan, bukas ang ating tanggapan at ang Department of Energy para sa inyong mga reklamo. Kung may paglabag, ipaalam po ninyo sa amin. Kikilos kami agad,” he said.
The President concluded by reaffirming the government’s commitment to supporting Filipinos amidst global economic volatility.
“Hindi tayo titigil. Hindi tayo uurong. At hindi natin hahayaan na ang ginhawang ito ay hindi po makarating sa taumbayan.”