US EditionMarcos announces fuel price cuts, asks oil firms to comply promptly
Marcos said oil firms must fully implement the cuts as diesel drops P24.94 per liter and motorists are urged to report complaints.
- On Saturday, April 18, 2026, President Ferdinand Marcos Jr. announced a major fuel price rollback effective Tuesday, April 21, 2026, slashing diesel by P24.94 per liter, gasoline by P3.41, and kerosene by P2.
- Easing tensions in the Middle East led to a significant unwinding of the risk premium that had previously driven up petroleum costs and created global supply concerns.
- Marcos urged oil companies to fully implement the reductions immediately, stating, "Give Filipinos what they deserve," while emphasizing that every saved centavo should be felt by the public.
- Alongside fuel cuts, the Land Transportation Office extended license and registration validity by 3 months, while the Department of Transportation continues its Service Contracting Program for public utility vehicle drivers.
- Government officials vowed swift action on complaints regarding compliance, with the Chief Executive stating, "Relief is coming," to ensure immediate assistance reaches Filipino motorists as intended.
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President Ferdinand “Bongbong” Marcos on Saturday urged oil companies to fully and without delay implement the rollback for diesel and gasoline prices, amid the expected big reduction in the prices of petroleum products next week.
Marcos announces big P24.94 price cut for diesel next week
MANILA, Philippines – President Ferdinand Marcos Jr. announced another oil price rollback expected to take effect on Tuesday, April 21. On his Facebook, the President said diesel prices would be reduced by P24.94 per liter; gasoline by P3.41 per liter; and kerosene by P2 per liter. “May ginhawang parating (There’s relief coming),” he said. Screenshot from President Bongbong Marcos Facebook video on April 18, 2026. The price cut for diesel is bi…
Marcos announces fuel price cuts, asks oil firms to comply promptly
MANILA, Philippines – President Ferdinand R. Marcos Jr. on Saturday announced big fuel price cuts next week and enjoined oil companies to fully and promptly implement the same. Marcos said that the price of diesel will be reduced by P24.94 per liter, while gasoline and kerosene will be cut by P3.41 and P2 per liter, respectively. “Mas malaki ito kaysa sa rollback nung nakaraang linggo at malinaw ang ibig sabihin nito para sa ating lahat: May gin…
Marcos announces another fuel price rollback
MANILA, Philippines — President Ferdinand Marcos Jr. on Saturday announced another rollback in fuel prices set to take effect on Tuesday following weeks of consecutive increases.In a video statement, Marcos said that diesel was expected to drop by at least P24.94 per liter, gasoline by P3.41 per liter, and kerosene by P2 per liter. The rollback was attributed to the reaction of the global market to the de-escalation of the war in the Middle East…
P24.94/L diesel rollback looms: Biggest fuel price cut in weeks
MANILA — Motorists and the transport sector are set to get immediate relief this week as President Ferdinand Marcos Jr. announced a sweeping fuel price rollback led by a steep P24.94-per-liter reduction in diesel, the largest cut in recent weeks, amid easing global oil pressures. In a video message, Marcos said gasoline prices will also […]
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